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THEM!!! I AM STRUGGLING Hello? 1. Which of the following methods would produce an accurate market demand curve? A) Adding horizontally at each price all
THEM!!! I AM STRUGGLING Hello? 1. Which of the following methods would produce an accurate market demand curve? A) Adding horizontally at each price all the individual marginal benefit curves in the market. B) Connecting the axes with a line that passes through the market price C) Drawing the marginal cost curve from its lowest point up D) Taking the derivative of all the suppliers' total product curves E) Multiplying the equilibrium price by all quantities supplied 2. If a goods price of supply is in elastic and it's quantity supplied increases by 5% it's A) Price must have increased by more than 5% B) Supply must have increased by 4% C) Price must have increased by 4% D)Quantity supplied must have increased by 5 units E) Price must have decreased by more than 5% Hello? 3. An economy opens itself up to international trade. What would happen if the average global price for a good is lower than the domestic equilibrium price with no government interventions
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