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Author Question: As a consumer moves rightward along an indifference curve, the A) consumer remains indifferent ... (Read 121 times)

stock

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on: Jun 29, 2018
As a consumer moves rightward along an indifference curve, the
 
  A) consumer remains indifferent among the different combinations of goods.
  B) consumer generally prefers the combinations of goods farther rightward along the indifference curve.
  C) income required to buy the combinations of the goods always increases.
  D) relative price of both goods falls.

Question 2

In which of the following situations is there most likely to be a monopsony?
 
  A) the market for farm workers in a large rural area
  B) the market for advertising executives in New York City
  C) the market for accountants in New York City
  D) the market for NBA players drafted out of college by one NBA team


ryrychapman11

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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