Author Question: The demand schedule shows that the price of a good and quantity demanded are directly related to ... (Read 84 times)

drink · **on:** Jun 30, 2018

The demand schedule shows that the price of a good and quantity demanded are directly related to each other.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Along a production possibilities curve that is concave to the origin, the opportunity cost of production of the good on the horizontal axis ____ as we move down along the curve.
a. Decreases
b. Increases
c. remains constant
d. first decreases, then increases