If quantity supplied decreased by 10 units at each price, you would conclude that
A. demand increased.
B. demand decreased.
C. supply increased.
D. supply decreased.
D. supply decreased.
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What limits the quantity of money that the banking system can create?
What will be an ideal response?
You have just found the consumer's optimal combination of goods using constrained optimization. The marginal utility of income is the:
A) Cobb-Douglas statistic. B) Hicks factor. C) Slutsky equation. D) Lagrange multiplier.
If companies who took into account an externality want to supply less at any given price compared to the original market supply, it must be a:
A. positive externality. B. negative externality. C. network externality. D. social externality.
Laws that set maximum legal interest rates are called _____.
Fill in the blank(s) with the appropriate word(s).