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If the demand for a product is perfectly inelastic and the supply curve is upward sloping the imposition of a 1 excise tax per unit of output will?
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Is the production possibilities frontier upward sloping or downward sloping?
downward
Is the demand curve always downward sloping?
Yes,it's always downward sloping
Is The aggregate demand curve downward sloping for the same reason that the demand curve for a single good is downward sloping?
true because it is still supply and demand downward sloping
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
Why is demand curve downward sloping?
The demand curve is downward sloping for 3 reasons: income effect, substitution effect, and the law of diminishing marginal utility.Income effect - if a product's price falls, the purchasing power of a consumer will increase, and therefore, there will be greater quantity demanded at lower prices; the inverse (higher prices--->less quantity demanded) is also true.Substitution effect - if the product price is lower, consumers will shift from purchasing a substitute (a similar product) to buying more of this particular product, therefore, the quantity demanded is higher at lower prices.Diminishing MU - the more additional units a consumer buys of a good, the less marginal utility they receive from it (they are less happy with buying each new one). So to make them buy more of what they are already buying, you have to lower the price.
A perfectly price- inelastic demand curve is A horizontal b downward sloping c upward sloping d vertical?
A perfectly price-inelastic demand curve is vertical (Parallel to Y-axix) because the percentage change in quantity demanded is nil whatever the percentage change happens in price.
Is Dover beach flat or sloping?
sloping
Is the production possibilities frontier upward sloping or downward sloping?
downward
What has been used to stop the head frame from being pulled over by a winch?
The technological that makes this possible is copyrighted by a group of highly intelligent manatees and can not be discussed on this app without harsh legal consequences.
Is the demand curve always downward sloping?
Yes,it's always downward sloping
How does a steam distillation sloping splash head work?
There is a steam distillation but no sloping splash head?
A broad volcano with gently sloping sides?
A shield volcano is broad with gently sloping sides.
Is The aggregate demand curve downward sloping for the same reason that the demand curve for a single good is downward sloping?
true because it is still supply and demand downward sloping
A sloping passageway that links two levels?
ramp
Basaltic volcano with gently sloping sides are called?
A shield volcano is broad with gently sloping sides.
What is a incline plane with two sloping sides?
A inclined plane with two sloping sides is a duquesne incline.
What is the palindrome for not sloping?
level
