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Author Question: Suppose the supply curve for digital cameras shifts to the right. This will cause a relatively large ... (Read 80 times)

oliviahorn72

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on: Jun 29, 2018
Suppose the supply curve for digital cameras shifts to the right. This will cause a relatively large decrease in the price of digital cameras if both demand and supply are inelastic.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements about economic resources is true?
 
  A) Economic resources include financial capital and money.
  B) All economic resources are man-made.
  C) Economic resources are also called factors of production.
  D) Economic resources are used only by businesses.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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zenzy

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

TRUE

Answer to Question 2

C


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