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Author Question: Refer to the figure above. This country has comparative advantage in A) X. B) Y. C) both X ... (Read 65 times)

CBme

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on: Jun 30, 2018
Refer to the figure above. This country has comparative advantage in
 
  A) X.
  B) Y.
  C) both X and Y.
  D) Can't tell without more information.

Question 2

If the price of a good rises by 10 and the quantity purchased falls by 15, then demand for the good is ________ and total spending on the good will ________.
 
  A) elastic; increase
  B) inelastic; increase
  C) elastic; decrease
  D) me and so inelastic; decrease


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hollysheppard095

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

A

Answer to Question 2

C


CBme

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

shewald78

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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