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Author Question: The highest price you are willing to pay for a pair of jeans is 20 . However, you are able to ... (Read 85 times)

danielfitts88

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on: Jun 30, 2018
The highest price you are willing to pay for a pair of jeans is 20 . However, you are able to purchase it for 14 . This implies 6 is the producer surplus.
  Indicate whether the statement is true or false

Question 2

In the long-run, the entry of new firms in a competitive market shifts the aggregate supply curve to the left.
 a. True
  b. False
  Indicate whether the statement is true or false


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epscape

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

F

Answer to Question 2

False


danielfitts88

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Reply 2 on: Jun 30, 2018
Gracias!

dyrone

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

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