If the price of cheese increases, the demand for hamburger buns will

A. decrease.
B. remain constant.
C. increase.
D. shift to the right.


Answer: A

Economics

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Answer the following statement true (T) or false (F)

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An account issued by banks yielding a market rate of interest with a minimum balance requirement and a limit on transactions is a

A. money market deposit account. B. certificate of deposit. C. mutual funds account. D. savings deposit.

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If product Y is an inferior good, a decrease in consumer incomes will

A. shift the demand curve for product Y to the left. B. make buyers want to buy less of product Y. C. shift the demand curve for product Y to the right. D. not affect the sales of product Y.

Economics

Which of the following is characteristic of a perfectly competitive market?

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Economics