If the price of a product increases
A) there is an increase in quantity supplied and a decrease in demand.
B) there is an increase in supply and a decrease in quantity demanded.
C) there is an increase in supply and a decrease in demand.
D) there is an increase in quantity supplied and a decrease in quantity demanded.
D
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Which of the following games provides the best way to model price wars?
A) a repeated duopoly game B) a game of chicken C) a sequential entry game in a noncontestable market D) a sequential entry game in a contestable market
Retirement benefits are less like __________, and more like _____________
A. social insurance programs; social savings programs. B. private insurance; collective savings program. C. savings programs; private insurance. D. None of these is true.
Which of the following would be most likely to enhance the growth rate of an economy
What will be an ideal response?
In the 19th century, hospitals had notorious reputations—questionable places to visit, risky places to stay. A number of advances changed all this and led to the transition to the modern hospital system. Which of the following changes had nothing to do with the transition?
a. Advances in medical technology b. Availability of health insurance to pay the bills c. Urbanization d. An aging population and the increased incidence of chronic illness that followed e. Development of the germ theory of disease