Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that
A) the demand for tarot card readers has increased.
B) the law of demand has been violated.
C) the number of tarot card readers has increased.
D) tarot card readers are deliberately charging high prices because they provide services for superstitious clients.
A
You might also like to view...
If the consumption function is defined as C = 7,250 + 0.8Y, what is the autonomous level of consumption expenditure?
A) $5,800 B) $7,250 C) $9,062.50 D) $9,700
Stephanie listens to punk rock because her friends do. This is
A) a positive sum game. B) collusion. C) positive market feedback. D) negative market feedback.
Government revenue from a tariff is equal to the amount of the tariff times the quantity imported
a. True b. False Indicate whether the statement is true or false
Index of the average prices of goods and services throughout the economy (up when prices rise, down when prices fall)
What will be an ideal response?