Which of the following will occur as the price of a good decreases?
A. Demand for that good will increase.
B. The quantity demanded for that good will increase.
C. The demand curve for that good will shift to the right.
D. The demand curve for that good will shift to the left.
Answer: B
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Dr. Khan starts his own dental practice after quitting his $150,000 job at The Mall Dental Clinic. His revenues for the first year are $500,000
He paid $90,000 in rent for the dental office, $60,000 for his office manager's salary, $24,000 for the dental hygienist, $150,000 for insurance, and $6,000 for other miscellaneous costs. The normal profit from running his business is $20,000. Which of the following statements is true? A) His accounting profit is $350,000. B) His economic profit is $150,000. C) His economic profit is zero. D) His accounting profit is zero. E) None of the above answers is correct.
Results of research conducted regarding the Moving to Opportunity program found all of the following except
A) boys and girls who moved to low-poverty neighborhoods were less likely to be arrested. B) boys who moved to low-poverty neighborhoods displayed less cruel or mean behavior. C) girls who moved to low-poverty neighborhoods had fewer behavioral difficulties. D) boys and girls who moved to low-poverty neighborhoods were less likely to be victims of crimes.
When you are calculating how long it will take your initial bank deposit to double, the rule of 72 prescribes that you divide the annual interest rate paid on the deposit by 72
a. True b. False Indicate whether the statement is true or false
The equilibrium purchase price of an acre of land depends upon the current value of the marginal product of land and upon the __________
Fill in the blank(s) with correct word