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Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1133561644Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1133561644 Exercise 2
What is the law of supply? How many of the following "goods" do you think conform to the general law of supply? Explain your answer in each case.
a. gasoline
b. cheating on exams
c. political favors from legislators
d. the services of heart specialists
e. children
f. legal divorces
a. gasoline
b. cheating on exams
c. political favors from legislators
d. the services of heart specialists
e. children
f. legal divorces
Explanation
Verified
Verified
The law of supply states that "other thi...
Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
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