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Author Question: Wealth and substitution effects explain why the aggregate demand curve has a positive slope. ... (Read 83 times)

waynest

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on: Jun 29, 2018
Wealth and substitution effects explain why the aggregate demand curve has a positive slope.
 
  Indicate whether the statement is true or false

Question 2

The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. What is the firm's profit-maximizing price?
 
  A) 12
  B) 10
  C) 8
  D) 4


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Jody Vaughn

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

FALSE

Answer to Question 2

B


waynest

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Reply 2 on: Jun 29, 2018
Excellent

nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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