Either an increase in demand with the supply curve held constant or a decrease in supply with the demand curve held constant will raise a market's equilibrium price
a. True
b. False
Indicate whether the statement is true or false
True
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Why is it easier to raise $1 million in voluntary contributions for medical research into a deadly disease like cancer than it is to raise the same amount for space exploration?
What will be an ideal response?
Unions fight primarily for higher wages and better benefits
Indicate whether the statement is true or false
The market supply in a perfectly competitive market is:
A. fixed. B. the sum of the quantities that each individual producer is willing to supply. C. the total quantity of a good that the biggest market shareholder supplies at a given price. D. derived from the MC curves from each firm after MC hits ATC.
A tax that is levied in such a way that low-income taxpayers pay a greater proportion of their income toward taxes than do high-income taxpayers is called a:
A. proportional tax. B. progressive tax. C. regressive tax. D. flat tax.