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Author Question: You notice that the price and quantity of wheat both decrease. This observation can be the result of ... (Read 32 times)

Melani1276

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on: Jun 29, 2018
You notice that the price and quantity of wheat both decrease. This observation can be the result of the
 
  A) demand curve for wheat shifting rightward.
  B) demand curve for wheat shifting leftward.
  C) supply curve of wheat shifting rightward.
  D) supply curve of wheat shifting leftward.

Question 2

In the above figure, the relationship between costs indicates that the distance between curves
 
  A) A and B is equal to the fixed cost.
  B) A and B is equal to the variable cost.
  C) B and C is equal to the fixed cost.
  D) B and C is equal to the average total cost.


tennis14576

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

B

Answer to Question 2

A


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