Hello, I would like to double check these if questions for True and Falses Questions are...
Hello, I would like to double check these if questions for True and Falses Questions are correct for Microeconomics! Thank you
T or F
___T___ 1. An inferior good can be demand inelastic but not demand elastic.
___T___ 2. Demand is elastic if price changes by a smaller percent than quantity demanded
___F___ 3. Total utility always decreases as marginal utility decreases.
___T___ 4. The law of diminishing marginal utility cannot be used to make interpersonal utility comparisons.
___F___ 5. If the demand for a product is highly elastic, a price drop may reduce incomes of the producers.
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Hello, I would like to double check these if questions for True
and Falses Questions are...
For questions 1 to 20 indicate whether each of the statements is TRUE or FALSE. (20...
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9.When price increase from $43 to $49, quantity supplied increases from 220 units to 240 units....
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Hello, I had already solve this questions with the best of my knowdlege. Please let me...
Hello, I had already solve this questions with the best of my
knowdlege. Please let me know if they are correct. Thanks.
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Your answer to the homework has to be more than five(5) sentences for each question based...
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please, choose the right options to these questions. Explanation is NOT NEEDED. If the income elasticity...
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Hello, I had already solve this questions with the best of my
knowdlege. Please let me know if they are correct. Thanks.
3. Under what circumstances does the burden of an excise tax fall mainly on producers? when the supply is relatively inelastic and demand is fairly elastic b. when the supply is relatively elastic and demand is fairly inelastic c. when consumers do not have many substitutes for the good d. when it is easy for suppliers to expand...
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