Of the below, which is NOT true? The Supply curve is ALWAYS upward sloping Producers prefer higher prices The demand curve is always down sloping Consumer prefer higher prices
Of the below, which is NOT true? The Supply curve is ALWAYS upward sloping Producers prefer higher prices The demand curve is always down sloping Consumer prefer higher prices
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 6SQ
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Question
Of the below, which is NOT true?
- The Supply curve is ALWAYS upward sloping
- Producers prefer higher prices
- The
demand curve is always down sloping - Consumer prefer higher prices
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