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Author Question: See Scenario 4.1. What is Daniel's income-consumption curve? A) Pc = Pd B) Pc = Qc C) Qd = I ... (Read 79 times)

Deast7027

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See Scenario 4.1. What is Daniel's income-consumption curve?
 
  A) Pc = Pd
  B) Pc = Qc
  C) Qd = I - 3Qc
  D) Qc = Qd
  E) all of the above

Question 2

In the long run, new firms can enter an industry and so the supply elasticity tends to be
 
  A) more elastic than in the short run.
  B) less elastic than in the short run.
  C) perfectly elastic.
  D) perfectly inelastic.



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Chou

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Answer to Question 1

D

Answer to Question 2

A




Deast7027

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Reply 2 on: Jul 1, 2018
Wow, this really help


at

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Reply 3 on: Yesterday
:D TYSM

 

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