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Question Completion Status: QUESTION 10 10 Due to the law of demand, the demand function Has a negative slope Has a positive slope It is
Question Completion Status: QUESTION 10 10 Due to the law of demand, the demand function Has a negative slope Has a positive slope It is a mathematical function Determines the equilibrium price QUESTION 11 10 You have an income of $10, to be spent on bread and butter Bread cost $2 each and butter cost $1 each. What is the opportunity cost of bread in terms of butter 2 1/2 0.5 10 QUESTION 12 A capitalist economy fundamentally comprises: Households and Firms that sell each other products and factors in a circular flow Banks and Government, that regulate the behavior of the financial system A central command board to determine what is going to be produced and how it is going to be allocated Money, Exports and the Stock Exchange
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