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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 3
What is the law of supply? How many of the following "goods" do you think conform to the general law of supply? Explain your answer in each case.
a. gasoline
b. cheating on exams
c. political favors from legislators
d. the services of heart specialists
e. children
f. legal divorces
a. gasoline
b. cheating on exams
c. political favors from legislators
d. the services of heart specialists
e. children
f. legal divorces
Explanation
Verified
Verified
Law of supply defines the functional rel...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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