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July 8, 2015

Homework Help: Basic economic True or False questions?

Posted by Ruth Li on Thursday, July 23, 2009 at 5:24am.

UGHHHHH I CANNOT FIND THESE ANSWERS ANYWHERE DD;

1. On an economic supply and demand graph, consumer surplus is always located above the demand curve. True or false?

2. Wealth is destroyed when socially optimal products are created. True or false?

3. A symmetrical market exists when buyers understand the differences in products being offered by the same firm. True or false?

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