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Author Question: Price takers face a perfectly inelastic demand curve. Indicate whether the statement is true or ... (Read 58 times)

Wadzanai

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on: Jun 30, 2018
Price takers face a perfectly inelastic demand curve.
  Indicate whether the statement is true or false

Question 2

A private good is:
 a. excludable and nonrival.
  b. nonexcludable and rival.
  c. nonexcludable and nonrival.
  d. excludable and rival.


Jadwiga9

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

D


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