Suppose that consumers expect that the price of a product will increase in the future. The result is that
A) the current supply of the product decreases. B) the current demand for the product decreases.
C) the current demand for the product increases. D) the current supply of the product increases.
C
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What does the demand curve tell us about the price that consumers are willing to pay?
What will be an ideal response?
Economists view positive statements as
a. affirmative, justifying existing economic policy. b. optimistic, putting the best possible interpretation on things. c. descriptive, making a claim about how the world is. d. prescriptive, making a claim about how the world ought to be.
Joan has the following assets and liabilities:Credit card balance$1,000Cash$200Government bonds$3,000Stock$4,000Checking$1,500Car loan balance$10,000Car$15,000 Which of the following actions would decrease Joan's money demand by $200?
A. Joan writes a $200 check for cash and holds the cash. B. Joan gets a $200 cash advance on her credit card and puts the proceeds in her checking account. C. Joan sells $200 worth of stocks and puts the proceeds in her checking account. D. Joan writes a check for $200 to purchase additional shares of stock.
________: the variable costs incurred by the business in the current period per unit of output
Fill in the blank(s) with correct word