If the price of potato chips increases, other things constant, demand for potato-chip dip will

a. not change; only quantity demanded will change
b. increase because the goods are substitutes
c. decrease because the goods are substitutes
d. decrease because the goods are complements
e. increase because the goods are complements


D

Economics

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The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if

A. bad weather that affects transportation for two days. B. tough new environmental laws were passed. C. there was an increase in immigration. D. the retirement age increased by two years.

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Which of these economic variables is countercyclical?

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The restricted opportunity cause of poverty is due to government destroying incentives

Indicate whether the statement is true or false

Economics