A short-run supply curve is

a. horizontal, summing individual supply curves
b. temporary, and disappears when price rises
c. downward sloping reaching the horizontal axis
d. upward sloping
e. vertical

D

Economics

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An external benefit is a benefit from a good or service that someone other than the ________ receives

A) seller of the good or service B) government C) foreign sector D) consumer E) market maker

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If a tax system is made more progressive, the pre-tax wages of upper-income individuals will tend to rise

a. True b. False

Economics