Holding all other factors constant, consumers demand more of a good the
A) higher its price.
B) lower its price.
C) steeper the downward slope of the demand curve.
D) steeper the upward slope of the demand curve.
B
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The supply-side effects of an income tax cut ________ potential GDP and ________ aggregate supply
A) increases; do not change B) increase; increase C) decrease; increase D) decrease; decrease E) increase; decrease
If Cruise with Us and Cruise the World are two luxury cruise lines in tacit collusion and Cruise with Us launches a new advertising campaign that states that it will meet any competitor's price on a comparable cruise, Cruise with Us might be tacitly signaling to Cruise the World that they are willing to ________.
A) maintain current the price B) cut price is exactly half C) raise their price D) lower their price
Which of the following is a desirable property of money?
a. Scarcity b. Portability c. All of the answers are correct. d. Divisibility
The value of the dollar relative to the euro would increase if
A. the supply of dollars increases and the demand for euros increases. B. the demand for dollars increases and the supply of euros increases. C. the demand for dollars decreases and the supply of euros increases. D. the supply of dollars increases and the demand for euros decreases.