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Author Question: The supply curve for watches A) is downward sloping. B) shows the relationship between the ... (Read 96 times)

PhilipSeeMore

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on: Jun 29, 2018
The supply curve for watches
 
  A) is downward sloping.
  B) shows the relationship between the quantity of watches firms are willing and able to supply and the quantity of watches consumers are willing and able to purchase.
  C) shows the supply of watches consumers are willing and able to buy at any given price.
  D) shows the relationship between the price of watches and the quantity of watches supplied.

Question 2

Refer to Figure 7-1. Marginal social benefit is represented by which curve?
 
  A) Supply
  B) D1
  C) D2
  D) All of the above represent marginal social benefit.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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lin77x

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

D

Answer to Question 2

C


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PhilipSeeMore

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Reply #2 on: Jun 29, 2018
Correct answers!


lin77x

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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