If you produce a normal good and consumers' incomes are expected to decrease, you should anticipate a ________ price for your product than the current equilibrium price and a ________ equilibrium quantity than the current equilibrium quantity.
A) higher; higher B) higher; lower
C) lower; higher D) lower; lower
D) lower; lower
You might also like to view...
Archaeologists Glynn Isaac and Mary Leakey have suggested that sites like those at Olduvai Gorge, where thousands of bones and artifacts were found together, represent __________
A. cemeteries where funeral rituals were practiced B. the remains of primitive warfare C. home bases to which male hunters brought food D. small villages with populations of fewer than 100 people
The ability to use cognitive skills to extract food and other resources by modifying the environment is referred to as __________
a. technical intelligence b. social intelligence c. intelligence quotient d. ecological intelligence
Participant-observation refers to the __________
A) practice of immersing oneself in the language and customs of a society B) use of a laboratory to standardize measurements C) observation of how people interact in carefully contrived situations D) employment of natives to gather information from their peers
The footprints at Laetoli were made by __________
a. Australopithecus africanus b. Australopithecus afarensis c. Australopithecus robustus d. Australopithecus boisei