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Author Question: Refer to Figure 3-2. An increase in price of inputs would be represented by a movement from A) A ... (Read 124 times)

littleanan

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on: Jun 29, 2018
Refer to Figure 3-2. An increase in price of inputs would be represented by a movement from
 
  A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.

Question 2

In a competitive market the ________ curve shows the marginal benefit received by consumers and the ________ curve shows the marginal cost to producers.
 
  A) demand; market demand B) supply; demand
  C) supply; market supply D) demand; supply


sultansheikh

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

D

Answer to Question 2

D


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