A move from D4 to D3 is a(n) _____.
A. an increase in quantity demanded
B. a decrease in quantity demanded
C. an increase in demand
D. a decrease in demand
D. a decrease in demand
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Use the above figure. Which graph depicts an inferior good?
A. A B. B C. C D. D
If the price of gasoline increases significantly, then we'd expect the price for hybrid and electric cars to
A. increase, and the quantity to decrease. B. increase, and the quantity increase. C. decrease, and the quantity to decrease. D. decrease, and the quantity to increase.
What market structures other than oligopoly have the characteristic of one firm's actions affecting the actions of its competitors? Explain your answer
What will be an ideal response?
Risky transactions are those in which:
A. complete information is not available. B. there is an balance of information between buyer and seller. C. one party to a transaction uses the other party's lack of information to their advantage. D. one party withholds information from the other party and uses that to his advantage.