Refer to Figure 13-3. Which of the points in the above graph are possible long-run equilibria?

A) B and D B) A and D C) A and C D) A and B

C

Economics

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In the figure above, when income equals $20,000, what does consumption equal?

A) $0 B) $10,000 C) $20,000 D) impossible to tell

Economics

In the above table, the cross price elasticity of demand for good X with good Y when PY falls from $20 to $18 is

A) -2. B) 0. C) +1. D) -1.

Economics