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Author Question: Refer to the scenario above. What is the price effect of the price change? A) 1,750 B) 2,000 C) ... (Read 73 times)

s.tung

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on: Jun 29, 2018
Refer to the scenario above. What is the price effect of the price change?
 
  A) 1,750
  B) 2,000
  C) 3,750
  D) 5,400

Question 2

The free rider problem causes goods not to be produced when
 
  A) the opportunity cost of providing them is low.
  B) the quantity supplied is greater than the quantity demanded.
  C) they can't be produced by government.
  D) they can't be provided exclusively to the people who pay for them.


missalyssa26

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

B

Answer to Question 2

D


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