Author Question: The price elasticity of an upward-sloping supply curve is always A) positive. B) impossible to ... (Read 58 times)

sheilaspns

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The price elasticity of an upward-sloping supply curve is always
 
  A) positive. B) impossible to determine.
  C) greater than one. D) negative.

Question 2

An increase in the price of oranges will increase the demand for grapefruits. This statement is an example of a normative economic statement.
 
  Indicate whether the statement is true or false


Kdiggy

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Answer to Question 1

A

Answer to Question 2

FALSE



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