The law of demand can be stated as all else equal:
A. quantity demanded rises as price falls.
B. quantity demanded rises as price rises.
C. quantity demanded rises as income rises.
D. demand rises as price falls.
A. quantity demanded rises as price falls.
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According to the saving and investment equation, if net foreign investment falls by $35 million
A) national saving in excess of domestic investment will rise by $35 million. B) national savings will rise by $35 million. C) domestic investment will fall by $35 million. D) national saving in excess of domestic investment will decrease by $35 million.
In the sequential negotiation games:
a. You can induce a change in the strategy in your opponent only if your threat is believed b. Any threat can induce a change in strategy in your opponent c. The best threat is the one that you do not have to carry out d. A and C
Ownership advantages refer to a firm's specific assets, international experience, and the ability to develop either low-cost or highly differentiated products within the context of its particular value chain.
a. true b. false
Discuss the differences between a tariff and a quota. Explain why quotas are considered to be a greater threat to competition than tariffs.
What will be an ideal response?