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Author Question: If with a small decrease in the price of a good, the quantity supplied falls to zero, the supply of ... (Read 128 times)

OSWALD

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If with a small decrease in the price of a good, the quantity supplied falls to zero, the supply of the good is said to be:
 
  A) unit elastic.
  B) inelastic.
  C) perfectly inelastic.
  D) perfectly elastic.

Question 2

Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A
 
  A) has a lower opportunity cost of producing good X than has B.
  B) has a lower opportunity cost of producing good X than of producing good Y.
  C) can produce more units of X in a given time period than can B.
  D) can produce X using newer technology than can B.



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manuelcastillo

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Answer to Question 1

D

Answer to Question 2

A




OSWALD

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


Mochi

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Reply 3 on: Yesterday
:D TYSM

 

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