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question 3 options are - upwards/downwards question 4, 5 options are - computers per year/dollars Beginning in the 1960s, India underwent what has been called

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question 3 options are - upwards/downwards

question 4, 5 options are - computers per year/dollars

Beginning in the 1960s, India underwent what has been called the 'Green Revolution." Indian agriculture began using fertilizers, mechanical farming equipment, and other modern methods. As a result, the amount of agricultural products that could be produced on the same amount of land and using the same quantity of labor increased. (The real story about the pros and cons of the Green Revolution is much more complicated, but we will focus on this simple story for now.) the PPF Consider a PPF for India's economy pre-Green Revolution showing the trade-offs between agricultural products" and "other products." The Green Revolution most likely caused for India's economy. (It is not required for this question, but be sure to practice drawing the PPF as described.) an outwards shift of an inwards shift of no change in Specialization Select one: O a. can lead to an increase in overall production O b. is always the result of an inefficient use of resources O c. allows workers to develop skills by working on a large number of tasks Od leads to greater self-sufficiency. -. in the quantity demanded of the good or service. This is equivalent to saying that the The Law of Demand states that, in most cases, an increase in the price of a good or service leads to a demand curve is generally + sloping Consider the demand and supply schedules for computers shown in Tablel below. Price (P) $400 $500 $600 $700 $800 $900 Quantity demanded (D) 1500 computers 1250 1000 750 500 250 Quantity Supplied (5) 100 computers 200 300 400 500 600 What is the equilibrium quantity towards which the market will gravitate? Answer: Choose . Refer to Table 1 from the previous question. What is the equilibrium price towards which the market will gravitate? Answer: Choose

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