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Author Question: The horizontal summation of individual demand curves gives: a. a supply curve. b. a Phillips ... (Read 74 times)

Kikoku

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  • Posts: 540
on: Jun 30, 2018
The horizontal summation of individual demand curves gives:
 a. a supply curve.
  b. a Phillips curve.
  c. a market demand curve.
  d. the quantity supplied.
  e. a production function.

Question 2

A demand curve:
 a. has a positive slope.
  b. illustrates the negative relationship between price and quantity demanded.
  c. illustrates the positive relationship between price and quantity demanded.
  d. is based on the assumption of a stable supply curve.
  e. shifts about in a random fashion.


zacnyjessica

  • Sr. Member
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  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


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