A production possibilities curve that is a straight line represents the case of
A) constant costs.
B) increasing costs.
C) constant opportunity costs but increasing real costs.
D) constant opportunity costs but decreasing real costs.
A
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Discuss what you believe might be one of the disadvantages of using the Gini coefficient
What will be an ideal response?
When a shortage exists in a market, sellers
a. raise price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. b. can raise price without worrying about the loss of sales, which increases quantity supplied and decreases quantity demanded until the shortage is eliminated. c. lower price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. d. lower price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated.