The market demand curve:
A. shows the relationship between the price of a good and the quantity that all consumers together are willing to buy.
B. is drawn assuming that variables such as income and tastes are variable.
C. is drawn assuming that the number of consumers is variable.
D. is drawn assuming that the selling price is fixed.
Answer: A
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Prior to the 1980s ________
A) the hourly wage of women exceeded that of their male counterparts B) the employment ratio for women was equal to that of men C) a majority of women were not in the labor force D) the majority of men were not in the labor force
If there is currently a recessionary gap: a. The price level will tend to rise. b. Real output will tend to rise
c. Both a. and b. will occur. d. None of the above will occur.
To reduce cyclical unemployment the government might:
a) Increase the budget surplus b) Increase the balance of payments deficit c) Increase the budget deficit d) Reduce government expenditure
What are the sources of increasing returns and economies of scale of the recent increase in trend rate productivity experienced in the U.S.?
Please provide the best answer for the statement.