If we are considering the relationship between two variables and release one of the other- things-equal assumptions, we would expect:

A. the relationship to change from direct to inverse.
B. the line representing that relationship on a graph to shift.
C. the data points to have a tighter fit to the line representing the relationship.
D. the relationship to change from inverse to direct.


Answer: B

Economics

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Although a monopoly can charge any price it wishes, it chooses:

a. the highest price. b. price equal to marginal cost. c. the price that maximizes profit. d. competitive prices. e. a fair price.

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Refer to Figure 6-25. The equilibrium price in the market before the tax is imposed is.

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b. $6.
c. $5.
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Economics