Author Question: The direct relationship between changes in price and changes in quantity supplied is A) a change ... (Read 117 times)

cmoore54

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The direct relationship between changes in price and changes in quantity supplied is
 
  A) a change in supply.
  B) shown by a shift in the supply curve.
  C) the law of supply.
  D) the law of relative production.

Question 2

The major similarity between monopolistic competition and perfect competition is
 
  A) the shape of the demand curve.
  B) that both assume many buyers and sellers.
  C) price equals marginal revenue in each.
  D) both assume products are differentiated.


aham8f

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Answer to Question 1

C

Answer to Question 2

B



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