A newspaper headline asserts: "Falling Demand Pushes Down Housing Prices." This headline
A. incorrectly implies that more housing will be demanded at higher prices.
B. correctly implies that a decrease in demand will decrease the market clearing price.
C. incorrectly implies that the price of housing will rise when demand increases.
D. incorrectly implies that the demand for housing can change, whereas in fact only the quantity of housing demanded can change.
Answer: B
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The following table shows the demand for notebooks of four consumers
Price ($/unit) Consumer 1 Demand (units) Consumer 2 Demand (units) Consumer 3 Demand (units) Consumer 4 Demand (units) $8 8 6 9 10 $6 16 10 15 18 $4 20 13 21 24 $1 22 17 24 27 Define the term "market demand." If these four consumers constitute the entire market, calculate the market demand for notebooks at $1, $4, $6, and $8.
Governments can address the adverse selection problem in the health insurance market by requiring all its citizens to have health insurance
Indicate whether the statement is true or false
Countries with surpluses in their balance of payments frequently do not want to see their currencies ________ because it makes their goods ________ expensive abroad
A) appreciate; less B) appreciate; more C) depreciate; less D) depreciate; more
How is a financial crisis like a power blackout?
What will be an ideal response?