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Economics Exam, Econ 414 Final Chapter 14, Fin 321 Midterm 2, Macro Final Exam, Econ chapter 14 & 16, ManEcon - Chapter 14 quiz, quiz 4, ECON TEST 3, Managerial Economics Chapter 12 Test Bank
Economics Exam, Econ 414 Final Chapter 14, Fin 321 Midterm 2, Macro Final Exam, Econ chapter 14 & 16, ManEcon - Chapter 14 quiz, quiz 4, ECON TEST 3, Managerial Economics Chapter 12 Test Bank 
 
Unlike an accountant, an economist measures costs on a (n) ________ basis. 
replacement 
There is no change in total revenue when the demand curve for a good is: 
Unitary elastic. 
When the price of a good in a market is above equilibrium: 
The quantity supplied exceeds the quantity demanded. 
 
A surplu...
- Exam (elaborations)
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Economics Exam, Econ 414 Final Chapter 14, Fin 321 Midterm 2, Macro Final Exam, Econ chapter 14 & 16, ManEcon - Chapter 14 quiz, quiz 4, ECON TEST 3, Managerial Economics Chapter 12 Test Bank 
 
Unlike an accountant, an economist measures costs on a (n) ________ basis. 
replacement 
There is no change in total revenue when the demand curve for a good is: 
Unitary elastic. 
When the price of a good in a market is above equilibrium: 
The quantity supplied exceeds the quantity demanded. 
 
A surplu...