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Author Question: The demand for food is most elastic in countries A) with low income levels. B) with intermediate ... (Read 124 times)

Diane

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The demand for food is most elastic in countries
 
  A) with low income levels.
  B) with intermediate income levels.
  C) with high income levels.
  D) that are highly urbanized.

Question 2

In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. A recessionary gap exists
 
  A) if the long-run aggregate supply curve is LAS1.
  B) if the long-run aggregate supply curve is LAS2.
  C) if the long-run aggregate supply curve is LAS3.
  D) All of the above answers are correct.



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carlsona147

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Answer to Question 1

A

Answer to Question 2

C




Diane

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Reply 2 on: Jun 29, 2018
:D TYSM


Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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