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Author Question: Prices in a market economy perform a rationing function because they reflect A) the demand of all ... (Read 37 times)

2125004343

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on: Jun 29, 2018
Prices in a market economy perform a rationing function because they reflect
 
  A) the demand of all buyers in the market.
  B) the extent to which the goods are necessities.
  C) the strength of the supply curve.
  D) the relative scarcity of the goods.

Question 2

The aggregate supply curve in the classical model is
 
  A) horizontal.
  B) vertical.
  C) upward sloping.
  D) downward sloping.


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jaykayy05

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

D

Answer to Question 2

B


2125004343

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Excellent

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