A decrease in demand with the supply held constant leads to:
a. an increased equilibrium price and an increased equilibrium quantity.
b. a decreased equilibrium price and a decreased equilibrium quantity.
c. a decreased equilibrium price and an increased equilibrium quantity.
d. an increased equilibrium price and a decreased equilibrium quantity.
b
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The price a borrower must pay for the use of other people's money is called
A) a dividend. B) financial capital. C) liquidity. D) interest.
The Industrial Revolution in England in large was the result of
A) growth in human capital. B) technological innovations encouraged by the patent system. C) population growth. D) technological innovations that were financed mainly by government spending.
Suggest two policies the government could pursue to help increase the accumulation of knowledge
What will be an ideal response?
The term "variable input" is used to refer to inputs that vary in terms of quality and, therefore, productivity
Indicate whether the statement is true or false