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Author Question: The demand schedule shows that the price of a good and quantity demanded are directly related to ... (Read 93 times)

drink

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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


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rachel

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


drink

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Reply 2 on: Jun 30, 2018
Excellent

recede

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Reply 3 on: Yesterday
Wow, this really help

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