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Author Question: If the number of firms producing electric cars increases and consumer preference for electric cars ... (Read 124 times)

mcmcdaniel

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on: Jun 29, 2018
If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase.
 
  Indicate whether the statement is true or false

Question 2

In a production possibilities frontier model, a point inside the frontier is
 
  A) productively and allocatively inefficient. B) productively inefficient.
  C) productively efficient. D) allocatively efficient.


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ttt030911

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

TRUE

Answer to Question 2

B


mcmcdaniel

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Reply 2 on: Jun 29, 2018
Gracias!

dantucker

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Reply 3 on: Yesterday
:D TYSM

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