A. Realizing allocative efficiency implies that productive efficiency has been realized. B. Productive efficiency can only occur if there is also allocative efficiency. C. Society can achieve either productive efficiency or allocative efficiency,
but not both simultaneously. D. Productive efficiency and allocative efficiency can only occur together; neither can occur without the other.
A. increase its supply.
B. increase its price.
C. increase the quantity sold.
D. increase its demand.
Answer: B
Economics
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Is demand more important than supply in determining equilibrium price and quantity in a competitive market?
Please provide the best answer for the statement.
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Inflation rates over the last 40 years have generally:
A. decreased around the world. B. unchanged for developing nations and decreased for developed nations. C. increased around the world. D. decreased for developing nations and increased for developed nations.
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