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Author Question: Suppose the supply of bicycles is price elastic. This means that A) consumers will respond ... (Read 62 times)

fasfsadfdsfa

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on: Jun 29, 2018
Suppose the supply of bicycles is price elastic. This means that
 
  A) consumers will respond significantly to an increase in the quantity of bicycles supplied.
  B) suppliers will respond significantly to changes in the price of bicycles.
  C) suppliers face many substitutes for bicycles.
  D) suppliers will increase the quantity of bicycles supplied, but not immediately.

Question 2

In a two-good, two country world, if one country has an absolute advantage in the production of both goods, it must also have a comparative advantage in the production of both goods.
 
  Indicate whether the statement is true or false
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wilsonbho

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fasfsadfdsfa

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

Sarahjh

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Reply 3 on: Yesterday
Excellent

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