If the price of portable power banks increases, then there will be ________ of portable power banks
A) a decrease in the supply
B) an increase in the supply
C) an increase in the quantity supplied
D) a decrease in the quantity supplied
Answer: C
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Suppose the price of butter falls because milk price supports are removed. Will people’s tastes shift away from margarine and toward butter?
What will be an ideal response?
The more inelastic the schedule, the greater the percentage of the tax that is borne on the other side of the market
a. True b. False
What possibilities exist to explain the claim made by many professional portfolio managers that they can exceed the average stock market return year after year?
What will be an ideal response?
Which scenario is the BEST example of how the government would act in a mixed market economy?
A) The government requires a factory to produce surplus goods for the use of the military. B) The government stops a factory from producing imitations of an expensive type of purse. C) The government allows only two competitors to offer goods for sale on the country's highways. D) The government imposes a limit on the number of television sets that can be exported annually.