Author Question: Which of the following is NOT an example of firms trying to prevent resale? A) Movie theatres ... (Read 78 times)

itsmyluck · **on:** Jul 1, 2018

Which of the following is NOT an example of firms trying to prevent resale?

A) Movie theatres check student ID for students' discounted tickets.
B) An aluminum company starts its own wire production firm to sell to the aircraft parts at a higher price.
C) Government limits the sale of international edition textbooks in the U.S. market.
D) Milk producers sell the milk to processed dairy products producers at a lower price.

Question 2

The Law of Supply insures that supply curves slope upward.

Indicate whether the statement is true or false

AISCAMPING · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

D

Answer to Question 2

False. There is no Law of Supply. Supply curves can take multiple shapes and thus don't have to be upward sloping.