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Author Question: Refer to Figure 16-6. Suppose instead of charging the monopoly price for his classes, Sensei charges ... (Read 102 times)

EY67

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on: Jun 29, 2018
Refer to Figure 16-6. Suppose instead of charging the monopoly price for his classes, Sensei charges the competitive price. What is the competitive price and what is the quantity demanded at this price?
 
  A) P1, Q0 B) P0, Q1 C) P1, Q1 D) P0, Q0

Question 2

When potential GDP increases, short-run aggregate supply also increases, but long-run aggregate supply does not change.
 
  Indicate whether the statement is true or false


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cascooper22

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

D

Answer to Question 2

FALSE


EY67

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mochi09

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Reply 3 on: Yesterday
Excellent

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