When quantity demanded increases at every possible price, the demand curve
a. shifts to the left
b. shifts to the right.
c. there is a movement along the given demand curve.
d. none of the above.
b
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Which of the following statements is true?
A) A monopolist has a vertical supply curve because it is a price taker. B) A monopolist's supply curve is the supply curve of the entire market. C) A monopolist does not have a supply curve because its production decision is independent of price. D) A monopolist has a horizontal supply curve because it is the only seller in the market.
If the money supply in an economy is increased, the interest rate will fall, and real GDP will decrease
a. True b. False Indicate whether the statement is true or false
Which is not considered a need?
a. food b. clothing c. shelter d. smartphone
Economic losses that might be recovered through legal action can include
A. only current monetary losses. B. both current monetary and current non-monetary losses. C. both current and future monetary and non-monetary losses. D. only current non-monetary losses.