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Author Question: A demand curve represents a(n) A) direct relationship between price and quantity demanded. B) ... (Read 150 times)

asmith134

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on: Jun 29, 2018
A demand curve represents a(n)
 
  A) direct relationship between price and quantity demanded.
  B) direct relationship between price and demand.
  C) indirect or inverse relationship between price and quantity demanded.
  D) indirect or inverse relationship between price and supply.

Question 2

When a paper producer pollutes the air, economists argue that there is
 
  A) efficiency, if production is at its maximum level.
  B) a positive externality.
  C) an external cost.
  D) a cost paid solely by the firm.


fauacakatahaias

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

C

Answer to Question 2

C


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