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Author Question: It is often found that there is a sufficient mobility within the income distribution such that a ... (Read 29 times)

tiffannnnyyyyyy

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  • Posts: 512
on: Jun 30, 2018
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

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

True

Answer to Question 2

c


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