One reason the demand curve slopes ________ is that as prices fall ________.
A. upward; more people find that the price is now less than their reservation price
B. downward; fewer people find that the price is now less than their reservation price
C. downward; more people find that the price is now less than their reservation price
D. upward; fewer people find that the price is now less than their reservation price
Answer: C
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A) deposit insurance. B) a hedge fund. C) Social Security. D) investment equity.
Tax paid on income from a rental property represents _____
a. a consumption tax b. double taxation c. progressive taxation d. estate taxation
The value of a worker's marginal product of labor:
A. only depends on a worker's stock of human capital. B. is lower for workers with more human capital. C. is not affected by a worker's stock of human capital. D. is higher for workers with more human capital.
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A. allocate their resources more efficiently, but they do not necessarily maximize their combined output. B. maximize their combined output, but they do not necessarily allocate their resources more efficiently. C. do not necessarily maximize their combined output, and they also do not necessarily allocate their resources more efficiently. D. maximize their combined output and allocate their resources more efficiently.