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Author Question: A change in the price of a good causes A) an increase in supply. B) a decrease in supply. C) ... (Read 67 times)

imowrer

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on: Jun 29, 2018
A change in the price of a good causes
 
  A) an increase in supply.
  B) a decrease in supply.
  C) an increase in demand and a decrease in supply.
  D) a change in quantity supplied.

Question 2

Refer to the above figure. From the standpoint of society, the optimal output is
 
  A) Q1
  B) Q2
  C) Q3
  D) Q4
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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flannelavenger

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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imowrer

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Reply #2 on: Jun 29, 2018
Thank you


flannelavenger

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Reply #3 on: Jun 29, 2018
No problemo


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