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Author Question: When graphing a demand curve for corn, we are showing the relationship between the quantity demanded ... (Read 119 times)

09madisonrousseau09

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on: Jun 29, 2018
When graphing a demand curve for corn, we are showing the relationship between the quantity demanded of corn and the
 
  A) money price of corn.
  B) relative price of corn.
  C) income effect.
  D) substitution effect.

Question 2

The law of demand implies that, other things remaining the same
 
  A) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will increase.
  B) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will decrease.
  C) as income increases, the quantity of cheeseburgers demanded will increase.
  D) as the demand for cheeseburgers increases, the price of a cheeseburger will fall.


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babybsemail

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

B

Answer to Question 2

B


09madisonrousseau09

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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