The change in the amount of a good purchased after a shift of the supply curve depends on
A. the size of the shift.
B. the slope of the demand curve.
C. whether the market is subject to price controls.
D. All of these responses are correct.
Answer: D
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Indicate whether the statement is true or false
The level of savings in an economy can be:
A. an important determinant of future productivity. B. an important determinant of capital investment. C. a source of funding for physical capital. D. All of these are true.
The European Union's antitrust is carried out by
A. the World Court. B. the European parliament. C. the European Commission. D. the European Department of Justice.
A small economy starts the year with $1 million in capital. During the course of the year, gross investment is $150,000 and depreciation is $50,000. How big is the economy's stock of capital at the end of the yea
What will be an ideal response?