Author Question: Suppose it is discovered that consumption of butter leads to a longer life. This information would ... (Read 44 times)

ts19998 · **on:** Jun 29, 2018

Suppose it is discovered that consumption of butter leads to a longer life. This information would lead to

A) an increase in quantity demanded.
B) an increase in demand.
C) a decrease in quantity demanded.
D) a decrease in demand.

Question 2

A production possibilities curve with quantities of clothing and food on the axes shows which of the following?

I. A society cannot have an unlimited amount of each good.
II. For an efficient society, an increase in clothing production will necessitate a decrease in food production.
III. A society will always produce the maximum amount of both clothing and food.
A) I only
B) II only
C) III only
D) Both I and II