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Answer to Question #75244 in Economics of Enterprise for bryan
Question #75244
If we were to say that two variables are positively related, this means that:
a) The relationship between the two would graph as a line sloping downward.
b) The relationship between the two would graph as a horizontal line.
c) The relationship between the two would graph as a line sloping upward.
d) The relationship between the two cannot be depicted graphically in any simple way.
a) The relationship between the two would graph as a line sloping downward.
b) The relationship between the two would graph as a horizontal line.
c) The relationship between the two would graph as a line sloping upward.
d) The relationship between the two cannot be depicted graphically in any simple way.
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If a firm in a perfectly competitive industry raises its price above markert price: (a)Sales will fall Slightly , (b) Sales will stay the same, (c) Sales will drop to zero, (d) All other firms in the industry will follow. Which one is true?
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