The "law of demand" indicates that if SIUC increases the price of tuition, all other things remaining the same Question 28 options:
A. the quantity of classes demanded will decrease at SIUC
B. the demand for classes will decrease at SIUC
C. the demand for classes will increase at SIUC
D. the quantity of classes demanded will increase at SIUC
A. the quantity of classes demanded will decrease at SIUC
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The investment schedule shows the
A. amounts business firms collectively intend to invest at each possible level of real GDP. B. positive relationship between the expected rate of return and the quantity of investment demanded. C. rate of interest that business firms must pay when they make investments in capital goods. D. inverse relationship between the expected rate of return and the quantity of investment demanded.
Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own
a. True b. False
What is the effect of the establishment of a price ceiling below the equilibrium price?
a. increased production leading to excesses b. increased demand leading to shortages c. more goods available to consumers d. fewer buyers looking to purchase goods
According to classical theory, desired saving always equals investment due to changes in
A. the interest rate. B. prices. C. wages. D. taxes.