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Author Question: The direct relationship between changes in price and changes in quantity supplied is A) a change ... (Read 120 times)

cmoore54

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on: Jun 29, 2018
The direct relationship between changes in price and changes in quantity supplied is
 
  A) a change in supply.
  B) shown by a shift in the supply curve.
  C) the law of supply.
  D) the law of relative production.

Question 2

The major similarity between monopolistic competition and perfect competition is
 
  A) the shape of the demand curve.
  B) that both assume many buyers and sellers.
  C) price equals marginal revenue in each.
  D) both assume products are differentiated.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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aham8f

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

C

Answer to Question 2

B


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cmoore54

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Reply #2 on: Jun 29, 2018
Thank you


aham8f

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Reply #3 on: Jun 29, 2018
No problemo


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