- Please Answer True Or False With Explanation Thank You 1 (21.15 KiB) Viewed 10 times
Please answer True or False with explanation. Thank you!
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answerhappygod
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Please answer True or False with explanation. Thank you!
Please answer True or False with explanation. Thank you!
1. If Wrex can produce more math problems per hour and more book reports per hour than Maxine can, then Wrex can still gain from trading math problems and book reports with Maxine. 2. When a decrease in the price of one good lowers the demand for another good, the two goods are called complements. 3. Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price. 4. If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.
1. If Wrex can produce more math problems per hour and more book reports per hour than Maxine can, then Wrex can still gain from trading math problems and book reports with Maxine. 2. When a decrease in the price of one good lowers the demand for another good, the two goods are called complements. 3. Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price. 4. If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.