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Author Question: When Jamie purchases a classic 1968 Plymouth Cuda convertible from Shane, GDP A) does not change, ... (Read 50 times)

formula1

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on: Jun 29, 2018
When Jamie purchases a classic 1968 Plymouth Cuda convertible from Shane, GDP
 
  A) does not change, because the car was not produced this year.
  B) increases, because the car is a durable good and increases consumption.
  C) increases, because the car is a durable good and increases investment.
  D) does not change, because Jamie did not buy the car from a dealershi

Question 2

Supply curves slope upward to the right because
 
  A) high enough prices make sunk costs irrelevant.
  B) higher prices attract resources from other uses.
  C) marginal cost is less than elasticity of demand.
  D) otherwise they would not intersect demand curves.


Moriaki

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

A

Answer to Question 2

B


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formula1

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Reply #2 on: Jun 29, 2018
Thank you :)


Moriaki

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Reply #3 on: Jun 29, 2018
Happy to help you


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