Other things being equal, an increase in the prices of portable power banks leads to a decrease in the amount portable power banks that people purchase. This is known as
A. the law of supply.
B. equilibrium.
C. the law of demand.
D. ceteris paribus.
Answer: C
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The term "predatory pricing" is usually used by people who are objecting to
A) extremely unpredictable prices. B) low prices. C) prices unrelated to costs of production. D) speculative pricing policies. E) very high prices.
Between 1968 and 2008 the poorest 60% of the population experienced a _______ in its percentage share of the nation's wealth.
A. substantial decrease B. small decrease C. small increase D. substantial increase
Suppose Uzbekistan decides to increase its production of bolts by 10. What is the opportunity cost of this decision?
A. 1/2 nail B. 5 nails C. 20 nails D. 2 nails
Explain how the labor force participation rate and the unemployment rate change in a recession
What will be an ideal response?