The Figure Below Shows the Demand (D) and Supply (S)

question 29

True/False

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-When production does not proceed on the basis of comparative advantage, resources are expended on their most efficient uses.

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Definitions:

Inverse Function

A function that undoes the action of the another function, such that if the original function applied to an input gives an output, the inverse function applied to that output returns the original input.

Graph

A visual representation of data or mathematical functions, typically displayed as points, lines, or areas on a two-dimensional surface.

Inverse Function

A function that reverses the operation of another function, meaning if one function takes an input to an output, the inverse function takes that output back to the original input.

Graph

A diagram representing data, mathematical functions, or relationships between variables, typically drawn on Cartesian coordinates.