When the price of a good spikes dramatically, the information conveyed in the market demonstrates that
A) greed has increased among the suppliers.
B) greed has increased among the demanders.
C) the good has become more scarce than before.
D) the good has become less scarce than before.
C
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What will be an ideal response?
One argument in favor of activist monetary policy is that the economy does not always equilibrate quickly enough at Natural Real GDP
Indicate whether the statement is true or false
The largest component of the U.S. GDP is:
A. NX B. C C. I D. G
According to economists, which of the following acts was partially responsible for the Great Depression of the 1930s?
a. The Robinson-Patman Act b. The National Recovery Act c. The Smoot-Hawley Tariff Act d. The Sarbanes-Oxley Act e. The Sherman Antitrust Act