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Author Question: Suppose the price of burgers increases from 2 to 3 each. The degree to which quantity demanded ... (Read 73 times)

OSWALD

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on: Jun 29, 2018
Suppose the price of burgers increases from 2 to 3 each. The degree to which quantity demanded responds to this price increase depends on the
 
  A) price elasticity of demand.
  B) the price elasticity of supply.
  C) income elasticity of demand.
  D) cross elasticity of demand.

Question 2

Consider the market for euros. Suppose the exchange rate is ________ its equilibrium. This means that the quantity of euros ________ is greater than the quantity of euros ________ and the exchange rate will ________.
 
  A) above; supplied; demanded; fall
  B) below; supplied; demanded; rise
  C) above; demanded; supplied; fall
  D) below; demanded; supplied; fall


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efwsefaw

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

A

Answer to Question 2

A


OSWALD

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

jordangronback

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

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