As price rises, the quantity ______________ rises.
A. demanded
B. supplied
C. demanded and supplied
B. supplied
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A decrease in demand leads to a (an):
a. increased equilibrium price and an increased equilibrium quantity. b. decreased equilibrium price and a decreased equilibrium quantity. c. decreased equilibrium price and an increased equilibrium quantity. d. increased equilibrium price and a decreased equilibrium quantity.
Leakages are offset by investment and government spending in the circular flow model
a. True b. False Indicate whether the statement is true or false
At its peak in 1913, the gold standard system had been adopted by_______ of countries.
A) 85% B) 35% C) 13% D) 70%
Refer to the above figure. If a price floor of $5 was set
A. the quantity sold would be 80 units. B. there would be a shortage of 20 units. C. the quantity demanded would be 100 units. D. the quantity sold would be 60 units.