If the prices of computer tablets rise, we would expect the number of tablet covers purchased to
A) increase.
B) decrease.
C) be equal to ten.
D) be equal to one.
B
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Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them
What will be an ideal response?
Which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution (MRTS)?
A) oil and natural gas B) sugar and high fructose corn syrup C) computers and clerks D) keyboards and computers
Brand Name Drug Industry Dynamics Market approval in the US for new pharmaceutical products is a long, arduous, and expensive process. Once approved, patent protection keeps close substitute products from entering for some years. If the demand for a particular product is stable, what would you predict for the profitability after approval and prior to patent expiration?
If the Fed increases the money supply, the interest rate
a. rises and spending increases b. rises and spending decreases c. falls and spending increases d. falls and spending decreases e. falls, business spending increases, and consumer spending decreases