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Author Question: In the figure above, the curve going through point A represents A) an upward-sloping demand ... (Read 56 times)

Medesa

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  • Posts: 507
on: Jun 29, 2018
In the figure above, the curve going through point A represents
 
  A) an upward-sloping demand curve.
  B) the line of equality.
  C) the wage curve.
  D) the Lorenz curve.

Question 2

Which of the following would explain why Josh's Limo Service might increase its demand for limo drivers?
 
  A) an increase in demand for limo rides, resulting in a rise in the price of a limo ride
  B) a decrease in the demand for limo rides
  C) a fall in the price of a taxi ride
  D) a rise in the wage paid to limo drivers


dajones82

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

D

Answer to Question 2

A


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