Last year, Casey grew fresh vegetables, which she sold at her local farmers market, but this year, Casey did not plant any vegetables and went to work at a bank instead. If Casey's decision to change careers did not affect the price of vegetables at the farmers market, then this suggests that:
A. the demand for vegetables did not change.
B. the market for vegetables is perfectly competitive.
C. the market demand for vegetables is perfectly inelastic.
D. the demand for vegetables increased this year.
Answer: B
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A. Wage and price controls B. Unemployment insurance and bank deposit insurance C. Regulation of the stock market D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
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A) economic growth. B) economic decay. C) stagflation. D) inflation. E) deflation.
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A) money is generally accepted for buying and selling goods and services. B) currency may be exchanged for gold at any national bank. C) other assets may be better or worse in facilitating exchange than money. D) it must maintain most of its value over time.
Which of the following is an asset for both a bank and a central bank?
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