The behavior of profit-maximizing producers is guided by 1 pts O Aesthetic conce

Question

The behavior of profit-maximizing producers is guided by 1 pts O Aesthetic concerns O Philanthropy. Social costs O self-interest. Question 10 1 pts When calculating elasticity of demand for a good the calculated number was always negative. The reason for this is because O The law of demand which states as the price of a good does up the quantity demanded goes up. O The law of demand which states as the price of a good goes up the quantity demanded goes down O The demand curve is upward-sloping. O The law of demand which states as the price of a good does up the demand curve decreases

Explanation / Answer

9. The correct answer is D. They pursue self interests.

10. The correct answer is B. There is a negative relation between price and quantity demanded.

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