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Author Question: The market supply curve for any product: a. always depends on the market demand for that product. ... (Read 104 times)

audie

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on: Jun 30, 2018
The market supply curve for any product:
 a. always depends on the market demand for that product.
  b. depends on the general income level of the consumers in the market.
  c. is a summation of individual firms' supply curves.
  d. equals the total revenue generated through sale of the commodity.
  e. is affected by the prices of related products.

Question 2

An economy is producing two goods, ice cream and cookies, and is currently operating efficiently. This economy can produce more cookies if:
 a. it increases the price of ice cream.
 b. it increases the price of cookies.
 c. more of the economy's resources become idle.
  d. it produces less ice cream.


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moormoney

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

c

Answer to Question 2

d


audie

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Reply 2 on: Jun 30, 2018
Wow, this really help

mohan

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

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