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Economics
By mm 郑
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Last updated about 2 years ago
4 questions
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Question 1
1.
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Question 2
2.
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Question 3
3.
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Question 4
4.
A decrease in the price of a good will lead to an increase in quantity supplied.
True
False
An increase in consumers' income will lead to a decrease in demand for inferior goods.
True
False
The law of supply and demand states that price and quantity supplied are inversely related.
True
False
When supply exceeds demand, prices tend to fall until equilibrium is reached.
True
False