If with a small decrease in the price of a good, the quantity ...

[OSWALD]

If with a small decrease in the price of a good, the quantity supplied falls to zero, the supply of the good is said to be:
 
  A) unit elastic.
  B) inelastic.
  C) perfectly inelastic.
  D) perfectly elastic.

Question 2

Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A
 
  A) has a lower opportunity cost of producing good X than has B.
  B) has a lower opportunity cost of producing good X than of producing good Y.
  C) can produce more units of X in a given time period than can B.
  D) can produce X using newer technology than can B.

[manuelcastillo]

Answer to Question 1

D

Answer to Question 2

A

[OSWALD]

Excellent

[deja]

TYSM