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Author Question: In an open outcry English auction, ________. A) the bidders begin the bidding process with a high ... (Read 32 times)

craiczarry

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on: Jun 29, 2018
In an open outcry English auction, ________.
 
  A) the bidders begin the bidding process with a high starting bid
  B) the auctioneer begins the bidding process with a high starting bid
  C) the auctioneer begins the bidding process with a low starting bid
  D) the bidders decide the starting bid

Question 2

Which of the following shifts the supply curve for oranges?
 
  A) disastrous weather that destroys about half of this year's orange crop
  B) a newly discovered increase in the nutritional value of oranges
  C) an increase in the price of bananas, a substitute in consumption for oranges
  D) an increase in income for all orange consumers


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gabrielle_lawrence

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

C

Answer to Question 2

A


craiczarry

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

LVPMS

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Reply 3 on: Yesterday
Gracias!

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