Author Question: A move from one point on a contract curve to another point on the contract curve will make A) ... (Read 213 times)

xclash · **on:** Jul 1, 2018

A move from one point on a contract curve to another point on the contract curve will make

A) both individuals better off.
B) both individuals worse off.
C) one individual better off and the other individual worse off.
D) the goods more expensive.

Question 2

Refer to Figure 2.1. At point D, demand is:

A) completely inelastic.
B) inelastic, but not completely inelastic.
C) unit elastic.
D) elastic, but not infinitely elastic.
E) infinitely elastic.