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Author Question: The demand curve that an individual competitive firm faces is known as its A) excess demand ... (Read 81 times)

jrubin

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on: Jul 1, 2018
The demand curve that an individual competitive firm faces is known as its
 
  A) excess demand curve.
  B) market demand curve.
  C) residual demand curve.
  D) leftover demand curve.

Question 2

_____ prefer a quota to an import tax.
 
  a. Foreign producers
  b. Importers
  c. Consumers
   d. Foreign consumers
Microeconomics ¦ Perloff ¦ 8th Edition
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bdobbins

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

b


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