If the number of firms producing electric cars increases and ...

[mcmcdaniel]

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.

[ttt030911]

Answer to Question 1

TRUE

Answer to Question 2

B

[mcmcdaniel]

TYSM

[ebonylittles]

Gracias!