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Author Question: The demand curve of a commodity slopes downward because of: a. the insatiable nature of human ... (Read 91 times)

jerry coleman

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on: Jun 30, 2018
The demand curve of a commodity slopes downward because of:
 a. the insatiable nature of human wants.
  b. the presence of double coincidence of wants.
  c. the law of demand.
  d. the scarcity of goods and services in an economy.
  e. the law of diminishing marginal utility.

Question 2

Capital accumulation causes the production possibilities curve to shift inward over time.
 a. True
  b. False
  Indicate whether the statement is true or false


laurnthompson

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

c

Answer to Question 2

False


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