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    Microeconomics Theory with Applications
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    Exam 11: Input Markets and the Allocation of Resources
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    If a Resource Is Nonexhaustible, Its Supply Curve in a Single
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If a Resource Is Nonexhaustible, Its Supply Curve in a Single

Question 91

Question 91

Multiple Choice

If a resource is nonexhaustible, its supply curve in a single period is:


A) upward sloping.
B) perfectly elastic.
C) perfectly inelastic.
D) downward sloping.

Correct Answer:

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