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QUESTION 13 Which statement best de O Consumption of goo Consumption is grow O Consumption of goc O Neither goods nor s

QUESTION 13 Which statement best de O Consumption of goo Consumption is grow O Consumption of goc O Neither goods nor s

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 26CTQ: Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever done...
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What is the correct option for number 13
Question Completion Status: D 30 40 5 20 QUESTION 13 60 70 80 9 13 100 110 120 14 150 160 170 18 Which statement best describes the increases of real consumption of goods and services? O Consumption of goods has grown slower than consumption of services, especially after the COVID-19 Pandemic O Consumption is growing the same for goods and services Consumption of goods has grown faster than consumption of services, especially after the COVID-19 Pandemic O Neither goods nor services consumption has changed, even after the COVID-19 Pandemic QUESTION 14 Using microeconomic reasoning about supply and demand, what is the most likely explanation for the relationship betw time? O Firms that produce services are going out of business more often than firms that produce goods O The government is encouraging consumers to buy more goods O Changes in the relative prices of goods and services are associated with changes in the relative demand for goods a O People tend to change the degree to which they prefer goods over services from time to time
Transcribed Image Text:Question Completion Status: D 30 40 5 20 QUESTION 13 60 70 80 9 13 100 110 120 14 150 160 170 18 Which statement best describes the increases of real consumption of goods and services? O Consumption of goods has grown slower than consumption of services, especially after the COVID-19 Pandemic O Consumption is growing the same for goods and services Consumption of goods has grown faster than consumption of services, especially after the COVID-19 Pandemic O Neither goods nor services consumption has changed, even after the COVID-19 Pandemic QUESTION 14 Using microeconomic reasoning about supply and demand, what is the most likely explanation for the relationship betw time? O Firms that produce services are going out of business more often than firms that produce goods O The government is encouraging consumers to buy more goods O Changes in the relative prices of goods and services are associated with changes in the relative demand for goods a O People tend to change the degree to which they prefer goods over services from time to time
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