If demand for a good is represented by curve D in Figure 4 15 then an increase

If demand for a good is represented by curve d in

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21. If demand for a good is represented by curve D in Figure 4-15, then an increase in supply of the good will causea.the equilibrium quantity to rise, but seller’s total revenue to fallb.the equilibrium quantity to fall, but seller’s total revenue to risec.both the equilibrium quantity and seller’s total revenue to falld.the equilibrium quantity to rise, but seller’s total revenue will not changee.both the equilibrium quantity and seller’s total revenue to rise22.Assume that Kazakhstan’s agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-3 represents the production possibility frontier for beef and wheat. Between points F and G, the opportunity cost of one bushel of wheat equals
23.Assume that Kazakhstan’s agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-3 represents the production possibility frontier for beef and wheat. Production at point H is24.Assume that Kazakhstan’s agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-3 represents the production possibility frontier for beef and wheat. What is assumed constant as the economy moves from point F to point G?25.Assume that Kazakhstan’s agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-3 represents the production possibility frontier for beef and wheat. Between points F and G, the opportunity cost of each pound of beef equalsa.0.25 million bushels of wheatb.1.75 million bushels of wheatc.0.125 bushels of wheatd.8 bushels of wheate.0.5 bushels of wheat

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