Author Question: If the number of firms producing electric cars increases and consumer preference for electric cars ... (Read 56 times)

mcmcdaniel · **on:** Jun 29, 2018

If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase.

Indicate whether the statement is true or false

Question 2

In a production possibilities frontier model, a point inside the frontier is

A) productively and allocatively inefficient. B) productively inefficient.
C) productively efficient. D) allocatively efficient.