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Author Question: Refer to Figure 2-4. Consider the following events: a. an increase in the patent protection ... (Read 207 times)

Marty

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on: Jun 29, 2018
Refer to Figure 2-4. Consider the following events:
 
  a. an increase in the patent protection period to 75 years
  b. a hurricane that destroys a substantial portion of a nation's capital stock
  c. the implementation of a secure and enforceable property rights system
 
  Which of the events listed above could cause a movement from W to Z?
  A) a only B) a and b only C) a and c only D) b and c only E) a, b, and c

Question 2

If the quantity of tacos demanded is represented by the equation QD = 20 - 0.5P then the corresponding price of tacos is represented by the equation
 
  A) P = 10 - 2QD. B) P = 40 - 2QD. C) P = 0.5QD + 10. D) P = QD + 40.


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bassamabas

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

C

Answer to Question 2

B


Marty

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Reply 2 on: Jun 29, 2018
Excellent

Liddy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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