A) Income level
B) Prices
C) Utility level
A) The demand curve can be upward-sloping
B) The supply curve can be upward-sloping
C) The supply curve could not be upward sloping
D) It is not possible to calculate either demand or supply elasticities
A) The law of diminishing returns
B) The law of increasing costs
C) The law of comparative advantage
D) The law of decreasing cost
A) Unseen govt. control of the economy
B) The power of large corporations
C) Intangible goods produced in the country
D) The unseen coordination of market economic by the price system