The Law of Increasing Relative Costs, Depicted by the Concavity

question 102

Multiple Choice

The law of increasing relative costs, depicted by the concavity of the production opportunities frontier, is most closely related to the

• A)downward slope of the demand curve.
• B)upward slope of the demand curve.
• C)downward slope of the supply curve.
• D)upward slope of the supply curve.

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