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Production possibility curve slopes downwards from ..................... to.......................
Left to right
Right to left
Up to down
Down to Up
Option (1) is correct. Explanation: Production Possibility Curve refers to the graphical representation of possible combinations of two goods that can be produced with given resources and technology. PPC slopes downwards from left to right. It is because in a situation of fuller utilisation of given resources, production of both the goods cannot be increased. More of Goods X can be produced only with less of Goods Y.
By: Parvesh Mehta ProfileResourcesReport error
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