Which line in the figure shows a more elastic supply for euros?

A) Line S
B) Line S'
C) There elasticities are the same.
D) This cannot be determined from the graph.


B

Economics

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Describe the general types of barriers

What will be an ideal response?

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A graph of total fixed cost

a. is a downward sloping line. b. is a straight horizontal line. c. is an upward sloping line. d. has a U-shape.

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Monopolistic competition provides the benefit of product variety but at the cost of productive inefficiency.

True or False

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