The "law of demand" indicates that if SIUC increases the price of tuition, all other things remaining the same Question 29 options:
A. the quantity of classes demanded will decrease at SIUC
B. the demand for classes will decrease at SIUC
C. the demand for classes will increase at SIUC
D. the quantity of classes demanded will increase at SIUC
A. the quantity of classes demanded will decrease at SIUC
You might also like to view...
Rents for stores at shopping malls are usually tied to the profits of the store. Comment on how this arrangement affects the mall owner's income versus a fixed rent
What will be an ideal response?
The long-run production period: a. is a time when all inputs are variable
b. varies in length according to how capital goods are specialized. c. is likely longer for a steel manufacturer than for a retailer who sells watches off a cart at the local mall. d. is characterized by all of the above.
"Never put all your eggs in one basket." This saying refers to the concept of
a. averaging. b. market timing. c. diversification. d. leveraging.
Using the multiplier effect, if the government increases purchases on transportation equipment by $5 billion, which of the following is the most likely change in total purchases?
a. an increase of $5 billion b. an increase of $15 billion c. a decrease of $5 billion d. a decrease of $15 billion