In the Edgeworth box shown below, 
A) there is more food demanded than is available.
B) there is more clothing demanded than is available.
C) the relative prices shown will bring equilibrium without changing.
D) there is less food demanded than is available.
Correct Answer:
Verified
Q2: If one is on the contract curve
A)the
Q3: According to the second welfare theorem
A)when an
Q4: A Pareto preferred transaction is one where
A)the
Q5: If one is inside the production possibilities
Q6: Given an initial endowment of factor inputs,
A)there
Q8: The rate at which one input can
Q9: In an economy, which of the following
Q10: In competitive equilibrium
A)the MRS of all consumers
Q11: In the Edgeworth box diagram, if the
Q12: On the consumption contract curve
A)supply equals demand
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