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Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
Edition 13ISBN: 978-0538452281Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
Edition 13ISBN: 978-0538452281 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
The law of supply states that there is a...
Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
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