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Economics U$A: 21st Century Edition

Supply and Demand Quiz

A basic assumption that economists make about consumer behavior is that...

Utility is a measure of...

The law of diminishing marginal utility implies that...

A consumer is in equilibrium if...

If the marginal cost of a given commodity is lower than the average variable cost, we can conclude that...

According to Economics U$A economist Richard Gill the experience of Marin County residents during the drought of the early 1970s shows that...

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Economics U$A: 21st Century Edition