Which of the following is a non-price determinant of demand?
A) income
B) tastes and preferences
C) prices of related goods and services
D) All of the above are correct.
Answer: D
Economics
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Refer to the scenario above. The future value of the initial deposit after one year is:
A) $300. B) $1,000. C) $1,300. D) $2,300.
Economics
How short is the short-run production period?
Economics
Average cost curves have the same shape as
a. total cost curves. b. marginal cost curves. c. total fixed cost curves. d. average fixed cost curves.
Economics
In the long run, zero economic profit exists in monopolistic competition and perfect competition
a. True b. False Indicate whether the statement is true or false
Economics