When the price of a good or service changes,
a. the supply curve shifts in the opposite direction.
b. the demand curve shifts in the opposite direction.
c. the demand curve shifts in the same direction.
d. there is a movement along a given demand curve.
d
Economics
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a. Increasing marginal return b. Negative marginal return c. Diminishing marginal return d. Decreasing total physical product
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For an efficient outcome, MR must exceed MC
a. True b. False Indicate whether the statement is true or false
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