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Answer to Question #67828 in Microeconomics for rahul
Question #67828
Explain ppc is downward sloping with increasing slop?
Expert's answer
A production possibilities curve (PPC) shows the different combinations of two goods that an economy can produce with a given set of resources and technology. The PPC is downward sloping because we face scarcity in economic resources; to produce more of one good, we have to give up some of the other good.
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