An increase in the price of a good would?
What will be an ideal response?
Decrease the quantity demanded for the good.
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The effect of trade on specialized employees of import-competing industries will be ________ jobs and ________ pay because they are relatively ________
A) fewer; lower; immobile B) fewer; lower; mobile C) more; lower; immobile D) more; higher; mobile E) more; higher; immobile
If net exports fall, what actions could a central bank take to stabilize the economy?
Leaders that give the group total freedom
a. autocratic b. laissez-faire c. democratic d. trait
Refer to the information provided in Figure 3.19 below to answer the question(s) that follow.
Figure 3.19Refer to Figure 3.19. The market is initially in equilibrium at Point B. If supply shifts from S2 to S1, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
A. $5.00; 4 B. $7.00; 7 C. $5.00; 10 D. $7.00; 6