When people suddenly want to buy something, supply increases

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Along a straight line, when x equals 90, then y equals 30. When x equals 120, then y equals 40. The slope of the straight line is

A) 1/3. B) -1/3. C) 3. D) -3.

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John raises bees to pollinate his apple trees. One of the bees just stung him. This is a(n)

A) private cost. B) social cost. C) internality. D) common property.

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If the price of a typical good falls, the quantity demanded for that good will

A. automatically increase to infinity. B. remain the same. C. decrease. D. increase.

Economics

Most of the debates in the U.S. Congress center on

A) efficiency concerns. B) equity concerns. C) both efficiency and equity equally. D) market inefficiency.

Economics