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Author Question: Perfectly inelastic demand is represented by a demand curve which is ________, and relatively ... (Read 120 times)

ssal

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Perfectly inelastic demand is represented by a demand curve which is ________, and relatively inelastic demand is represented by a demand curve which is ________.
 
  A) upward sloping; horizontal B) horizontal; downward sloping
  C) downward sloping; vertical D) vertical; downward sloping

Question 2

Which of the following is a source of market failure?
 
  A) an inequitable income distribution
  B) unforeseen circumstances which leads to the bankruptcy of many firms
  C) a lack of government intervention in a market
  D) incomplete property rights or inability to enforce property rights


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yuyiding

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ssal

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Reply 2 on: Jun 29, 2018
Excellent


jackie

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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