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Author Question: The demand for luxurious goods are usually unaffected by an increase in income. a. True b. False ... (Read 42 times)

Engineer

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on: Jun 30, 2018
The demand for luxurious goods are usually unaffected by an increase in income.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Along a straight-line production possibilities curve:
 a. the opportunity cost of production of a good is zero.
 b. the opportunity cost of production of a good falls as its output increases.
  c. the opportunity cost of production of a good rises as its output increases.
  d. the opportunity cost of production of a good is constant.


britb2u

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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