If the price of wireless earbuds increases, then there will be ________ of wireless earbuds.
A. a decrease in the supply
B. an increase in the supply
C. a decrease in the quantity supplied
D. an increase in the quantity supplied
Answer: D
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Refer to Figure 13-2. Ceteris paribus, a decrease in the labor force would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Which of the following is a reason why a firm would not engage in price discrimination?
A) The transactions costs associated with selling the product exceed the price of the product. B) Some firms do not want to violate the law of one price. C) Some firms are not able to segment the market for the products they sell. D) Price discrimination is illegal in some western states and the owners of firms in these states face civil or criminal prosecution if they engage in price discrimination.
Under a system of flexible exchange rates, transactions that increase the supply of the nation's currency to the foreign exchange market will cause the nation's
a. currency to depreciate in value. b. currency to appreciate in value. c. trade deficit to increase. d. products to become more expensive to foreigners.
The true cost of borrowing is the nominal interest rate
Indicate whether the statement is true or false