It is often found that there is a sufficient mobility within the ...

[tiffannnnyyyyyy]

It is often found that there is a sufficient mobility within the income distribution such that a person in the lowest quintile of income can move to the higher ones and vice versa.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which among the following does not determine the shape of the demand curve for a good under different market structures?
 a. Number of substitutes in the market
  b. Importance of the good in a consumer's budget
  c. Cost structure of the firm
  d. Price-elasticity of demand
  e. The length of time being considered

[bimper21]

Answer to Question 1

True

Answer to Question 2

c