A decrease in demand for a good could mean that
a. consumers are willing to pay a higher price for each quantity of the good
b. consumers are willing to buy larger quantities of the good at each price
c. the demand curve has undergone a parallel shift to the right
d. the demand curve has undergone a nonparallel shift to the right
e. the demand curve has shifted to the left
E
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In order to obtain a conviction for price fixing under the Sherman Antitrust Act, the government needs to prove:
a. only that an attempt to fix prices was made. b. that there was a price-fixing agreement that actually lessened competition. c. that there was a high concentration ratio for the industry. d. all of these.
Decreasing the required reserve ratio is an expansionary policy because it increases the amount of excess reserves in the banking system
a. True b. False Indicate whether the statement is true or false
Which of the following pairs of goods would be considered substitutes?
a. Milk and cookies. b. Tires and automobiles. c. Ink and pens. d. Coca-Cola and Pepsi. e. Computers and computer software.
In economics, which of the following is considered as financial capital?
a. Offices and warehouses b. Stocks and bonds c. Machinery d. Factories e. Equipment