A decrease in price will lead to an increase in the quantity demanded.
a. true
b. false
Ans: a. true
Economics
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Under conditions of perfect competition, maximum profit or minimum loss occurs at the point where
a. AR = ATC. b. MR = AR. c. AR = MC. d. AVC = ATC.
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Compliance with wage and price controls by unions and businesses is strictly voluntary
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following people has voting privileges in a corporation?
a. convertible stockholder b. preferred stockholder c. common stockholder d. corporate bondholder e. corporate manager
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A firm will practice price discrimination when it believes that by doing so it will be able to increase total
A. profits. B. sales. C. revenue. D. production.
Economics