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Author Question: Sue consumes only sandwiches and soda and is at her best affordable point. The price of a sandwich ... (Read 85 times)

a0266361136

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on: Jun 29, 2018
Sue consumes only sandwiches and soda and is at her best affordable point. The price of a sandwich falls. The substitution effect is that Sue substitutes ________ for ________. The income effect is that Sue ________.
 
  A) sandwiches; soda; buys less of both goods
  B) soda; sandwiches; buys more soda and fewer sandwiches
  C) sandwiches; soda; buys more of both goods
  D) soda; sandwiches; buys less soda and more sandwiches

Question 2

Goods or services that can be produced only by using unique or rare productive resources tend to have a low elasticity of supply.
 
  Indicate whether the statement is true or false


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fdliggud

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

C

Answer to Question 2

TRUE


a0266361136

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

amandanbreshears

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Reply 3 on: Yesterday
Wow, this really help

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