QUESTION 1 4 points Answer My Groups All else equal, economists would generaly e

Question

QUESTION 1 4 points Answer My Groups All else equal, economists would generaly expect the relationship between the price of a good and the amount of that good that that was demanded to be: Group 1 Zdocx Positive Negative No relationship varying depending on the good. DIOX.mp4 04-Total QUESTION 2 4 points Save Answer Please examine the graph below and sselect the answer that best describes it. RE SYNER cS.mp4 Click Save and Submit to saee and submir. Cliek Save All Ansuwers to saue al ansupers. Save All Answers

Explanation / Answer

Q.1 Option 2. There exists an inverse relationship between price and good
Q.3 Option 2. More you miss the class less would be GPA
Q.4 Option 3
Q.7 Option 3, 3 buttter
Q8. Option4, as it is inside PPF curve
Q9.Option 1
Q10. Option 2
Q11.Option 3, It is the next best alternative forgone
Q12. Opiton1. Intersection of demand and supply curve
Q.13 Option 1. It is the maximum price paid by the consumer
Q.14 Option 2. Qs-Qs = 4-2 = 2
Q.15 Option 4 Qs-Qd = 0-6 = -6
Q.16 Option 2, Qd=Qs
Q.17 Option 4. As it would lead to excess supply of 10
Q18 Option 3
Q.19 Option 3, 18-13 = 5 excess
Q.20 Option 2 as suppliers would supply less, leads to shortages
Q.21 Option 1
Q.22 Option 3
Q.26 Option 4
Q27 Option 1 True

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