Suppose it is discovered that consumption of butter leads to a ...

[ts19998]

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

[shayla]

Answer to Question 1

B

Answer to Question 2

D

[ts19998]

Thanks for the timely response, appreciate it

[debra928]

TYSM