10. KEY QUESTION In November 1998 Vincent van Goghs self-portrait sold at auction for $71.5 million. Portray...

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10. KEY QUESTION In November 1998 Vincent van Gogh’s self-portrait sold at auction for $71.5 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, “If a painting can be forged well enough to fool some experts, why is the original so valuable?” Provide an answer.

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Microeconomics : Microeconomics: Principles, Problems, And Policies

ISBN: 9781631577277

1st Edition

Authors: McConnell / Stanley L. Brue / Thomas P. Barbiero

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