Author Question: Refer to Table 2.4. What can be observed about the given resources? A) Land is fixed but ... (Read 49 times)

itsmyluck · **on:** Jun 30, 2018

Refer to Table 2.4. What can be observed about the given resources?

A) Land is fixed but fertilizer is variable. B) Land and fertilizer are both fixed.
C) Land is variable but fertilizer is fixed. D) Land and fertilizer are both variable.

Question 2

The market demand curve

A) cannot show a change in demand for a good.
B) is the horizontal sum of individual demand curves.
C) is upward sloping.
D) cannot show how quantity demanded changes in response to a change in price.
E) is the vertical sum of individual demand curves.