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ejoty ejoty
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2 months ago

Which of the following statements is false?



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An upward-sloping supply curve graphically represents the law of supply.



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A vertical supply curve graphically represents the law of supply.



▸

If income rises and good X is a normal good, then the demand for good X will rise.



▸

If income falls and good Y is an inferior good, then the demand for good Y will rise.

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Economics

Economics


Edition: 12th
Author:
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browntown345browntown345
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A vertical supply curve graphically represents the law of supply.
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ejoty Author
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2 months ago
Helped a lot
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Correct Slight Smile TY
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Brilliant ツ
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