As the supply curve shifts to the right, the increase in quantity demanded will not depend on the shape of the demand curve
Indicate whether the statement is true or false
False . The flatter the demand curve, the larger the quantity reaction.
Economics
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Competition forces firms to produce and sell products as long as the ________ to consumers exceeds the ________ of production
A) marginal benefit; marginal cost B) marginal benefit; marginal benefit C) marginal cost; marginal cost D) marginal cost; marginal benefit
Economics
Why might the money price for something be higher than the opportunity cost? Why might it be lower? Give an example of each to illustrate your answer.
What will be an ideal response?
Economics