An increase in demand will cause
a. an increase in supply.
b. a decrease in quantity supplied.
c. a decrease in supply.
d. a decrease in equilibrium price.
e. an increase in quantity supplied.
e. an increase in quantity supplied.
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Indicate whether the statement is true or false
The average total cost curve of a firm is U-shaped
a. True b. False Indicate whether the statement is true or false
The type of unemployment caused by changes in the business cycle is
a. cyclical unemployment. b. natural unemployment. c. frictional unemployment. d. structural unemployment.
In the television broadcasting industry, ________ is an end user and ________ is a platform.
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