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Author Question: The elasticity of supply for paintings by Monet is A) perfectly elastic. B) perfectly inelastic. ... (Read 179 times)

audie

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on: Jun 29, 2018
The elasticity of supply for paintings by Monet is
 
  A) perfectly elastic.
  B) perfectly inelastic.
  C) unit elastic.
  D) inelastic.

Question 2

The above figure shows two Lorenz curves. Suppose both Lorenz curves measure wealth. Then, the curves show that wealth is
 
  A) greater along Lorenz curve A.
  B) greater along Lorenz curve B.
  C) distributed more equally along Lorenz curve A.
  D) distributed more equally along Lorenz curve B.


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amcvicar

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

B

Answer to Question 2

C


audie

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

nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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