Question 21
Based on the given
6 units of good X and 30 units of good Y.
0 units of good X and 30 units of good Y.
2 units of good X and 18 units of good Y.
6 units of good X and 18 units of good Y.
Question 23
The "
the higher the price of a good, the smaller is the quantity demanded.
the higher consumers' incomes, the greater is the demand.
the higher the price of a good, the higher is the quantity demanded.
the higher the price of a good, the lower is the demand for this good.
Question 24
The
D) would not; would not
C) would not; would
A) would; would
B) would; would not
Question 25
Given this market for roses, what are the
$25, 8 dozens
$30, 8 dozens
$25, 10 dozens
$30, 12 dozens
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