A supply curve describes
a. the relationship between price and quantity demanded
b. the relationship between price and quantity supplied
c. the relationship between a group of buyers and sellers
d. none of the above
b
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Explain how “herd behavior” affects the stock market and contributes to recession.
What will be an ideal response?
Why is the advent of monopoly likely to shift cost curves?
How were labor rights affected by the long economic depression of the 1930s?
a. Unions disbanded until the economy improved. b. Labor unions and reform movements stalled. c. New anti-labor reforms restricted union activities. d. Many important pro-labor reforms were passed.
An increase in the wage rate of steel workers will reduce the supply of steel.
Answer the following statement true (T) or false (F)