If the price of a product falls too much, the producer can ________________the market.
Fill in the blank(s) with the appropriate word(s).
Ans: leave
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Table 3-2 Combination Cotton Corn A 12 16 B 17 15 C 21 13 D 23 9 E 24 5 ? The concept of opportunity cost can be represented graphically by the
A. area inside the production possibilities frontier. B. slope of the production possibilities frontier. C. vertical distance from the horizontal axis to the production possibilities frontier. D. horizontal distance from the vertical axis to the production possibilities frontier. E. sum of the horizontal and vertical distances to the production possibilities frontier.
If a firm's rent increases, it will affect its cost structure in which of the following ways?
A) AVC will increase. B) MC will increase. C) TFC will increase. D) All of the above will increase.
How would the discovery of a previously unknown large reserve of oil affect the short-run aggregate supply curve and why? What other change could have the same effect?
What will be an ideal response?
Other things the same, an increase in domestic prices raises the real exchange rate
a. True b. False Indicate whether the statement is true or false