The "Law of D" states that buyers buy more of an item at lower P's, everything else held constant. Suppose in a market the Q of a dozen roses sold has increased while the P of a dozen roses has also increased (note: seemingly contrary to the Law of D). Which of the following would most likely explain this observation?
a) S has shifted to the left.
b) S has shifted to the right.
c) D has shifted to the left.
d) D has shifted to the right.
e) The market for roses is apparently an exception to the "Law of D".
d) D has shifted to the right
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The "Okies" were associated with each of these EXCEPT
A. the Dust Bowl. B. John Steinbeck's The Grapes of Wrath. C. the Great Depression. D. the rust belt.
Based on the data in the table above, what is the average product of labor when Decent Donuts employs five workers?
A) 16.66 dozen donuts per day B) 17.2 dozen donuts per day C) 20 dozen donuts per day D) 22 dozen donuts per day
The ratio of bank's equity to its total assets is called
A) capital requirements. B) leverage. C) assets requirement. D) risk.
Primarily through land use controls and property tax policy, which of the following branches of government has the largest influence on real estate values?
A. Local government B. State government C. National government D. Foreign government