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multiple choice for microeconomics, see the pictures, and answer #1 and 2. the p

ID: 1091163 • Letter: M

Question

multiple choice for microeconomics,

see the pictures, and answer #1 and 2.

the production points on a production possibility curve are the points along and inside Attainable Unattainable Productively efficient Allocatively shifts in the supply of oil have caused large chances in price since the 1970s because The supply of oil is very inelastic while the demand for oil very elastic over short period of time. Both the supply of oil is elastic while the demand for oil is very inelastic over short periods of time The supply of oil and the demand for oil are perfectly elastic over short peroids of time

Explanation / Answer

1. A. attainable

2.C