As price falls
A. supply rises.
B. supply falls.
C. quantity supplied rises.
D. quantity supplied falls.
D. quantity supplied falls.
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Unemployment taxes are collected from both employees and employers.
A. True B. False C. Uncertain
When the price of sausages is $2.00 per pound, consumers buy 50 pounds of hamburger. When the price of sausages rises to $3.00 per pound, 60 pounds of hamburger are purchased
The cross price elasticity of demand between sausages and hamburger is approximately equal to A) +0.04. B) -0.45. C) +2.20. D) +0.45.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in aggregate demand. B. increase in aggregate demand. C. decrease in short-run aggregate supply. D. increase in short-run aggregate supply.
Ezybuy is a newly opened chain of departmental stores that offers its customers free home delivery for purchases above $100 . If this promotional policy increases the cost borne by the seller by $10 for every transaction, while each customer values this service at $3, it can be said to generate economic value
Indicate whether the statement is true or false