Refer to the above figure. Line ACE is called
A) the consumption function. B) the saving function.
C) the savings function. D) the 45-degree line.
D
Economics
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If the market price in a competitive market is below the minimum of average variable cost, the firm will shut down
Indicate whether the statement is true or false
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A change in the price of a good has no effect on the supply schedule
a. True b. False Indicate whether the statement is true or false
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