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Figure 9.1: -Using Figure 9.1,assume Point D Represents the Optimal Mix of Optimal

Question 108

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Figure 9.1: Figure 9.1:   -Using Figure 9.1,assume point D represents the optimal mix of output.If market forces cause society to produce at point C then: A)  There is government failure. B)  The forces of supply and demand will return society to point D. C)  Points D and E are unattainable with the given resources and technology. D)  There is market failure.
-Using Figure 9.1,assume point D represents the optimal mix of output.If market forces cause society to produce at point C then:


A) There is government failure.
B) The forces of supply and demand will return society to point D.
C) Points D and E are unattainable with the given resources and technology.
D) There is market failure.

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