Author Question: The demand curve that an individual competitive firm faces is known as its A) excess demand ... (Read 67 times)

jrubin

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The demand curve that an individual competitive firm faces is known as its
 
  A) excess demand curve.
  B) market demand curve.
  C) residual demand curve.
  D) leftover demand curve.

Question 2

_____ prefer a quota to an import tax.
 
  a. Foreign producers
  b. Importers
  c. Consumers
   d. Foreign consumers


bdobbins

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Answer to Question 1

C

Answer to Question 2

b



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