The demand schedule shows that the price of a good and quantity ...

[drink]

The demand schedule shows that the price of a good and quantity demanded are directly related to each other.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Along a production possibilities curve that is concave to the origin, the opportunity cost of production of the good on the horizontal axis ____ as we move down along the curve.
 a. Decreases
 b. Increases
 c. remains constant
 d. first decreases, then increases

[rachel]

Answer to Question 1

False

Answer to Question 2

b

[drink]

Thanks for the timely response, appreciate it

[frankwu0507]

Excellent