The demand schedule for a good:
a. indicates the quantity that people will buy at the prevailing price
b. indicates the quantities that suppliers will sell at various market prices.
c. indicates the quantities that will be purchased at alternative market prices.
d. is determined primarily by the cost of producing the good.
c
Economics
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The Coase theorem proves that externalities will be neutralized by bargaining
Indicate whether the statement is true or false
Economics
A perfectly elastic supply curve is expressed graphically as a(n):
a. downward sloping line or curve. b. upward sloping line or curve. c. vertical line. d. horizontal line.
Economics