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Author Question: The market demand curve for mangos is A) upward sloping because rich people can afford more ... (Read 17 times)

skymedlock

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on: Jun 30, 2018
The market demand curve for mangos is
 
  A) upward sloping because rich people can afford more mangos than poor people can buy.
  B) the same as the demand curve of one buyer in a market with many buyers.
  C) the horizontal sum of the individual demand curves of all the buyers.
  D) the vertical sum of the individual demand curves of all the buyers.
  E) the horizontal average of the individual demand curves of all the buyers.

Question 2

When a government must operate on a balanced budget, it means that there is no ________ or ________.
 
  A) unemployment; special taxes B) surplus; deficit
  C) bonds being issued; purchased D) borrowing; printing of money
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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rekilledagain

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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