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Author Question: The income effect from a fall in the price of a gallon of gasoline is shown in the above figure by ... (Read 53 times)

jparksx

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on: Jun 29, 2018
The income effect from a fall in the price of a gallon of gasoline is shown in the above figure by the movement from
 
  A) point A to point C.
  B) point A to point B.
  C) point B to point C.
  D) point A to point B and then to point C.

Question 2

If diseconomies of scale are present and the firm ________ all its inputs, its output ________.
 
  A) doubles; more than doubles
  B) doubles; less than doubles
  C) increases; increases by the same percentage
  D) halves; doubles


Ddddd

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

C

Answer to Question 2

B


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