Consider the two graphs above. Suppose rising fuel costs makes it more expensive to move goods to and from warehouses. This would ________ the desired level of inventories, as depicted in graph ________
A) increase; B
B) increase; A
C) decrease; B
D) decrease; A
C
Economics
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In the short run, if price falls below a firm's minimum average total cost, the firm should shut down
Indicate whether the statement is true or false
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Most recessions in the United States since World War II have begun with a
A) rise in oil prices. B) stock market crash. C) a major devaluation of the dollar. D) decline in residential construction.
Economics
Rationing goods on the basis of price is a direct result of
A) scarcity. B) queuing. C) government intervention. D) the profit motive.
Economics
Stocks are a form of debt obligation
Indicate whether the statement is true or false
Economics