A change in demand means that
a. more will be bought at a lower price.
b. a changed amount will be bought at the same given prices.
c. less will be purchased at a higher price.
d. the quantity demanded changes as the price changes.
b. a changed amount will be bought at the same given prices.
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Leisure-Consumption indifference curves
a. slope upward and are concave. b. slope upward and are convex. c. slope downward and are concave. d. slope downward and are convex.
The decision of Russia to embark on perestroika reforms came under:
a. Yeltsin b. Putin c. Brezhnev d. Gorbachev e. none of the above
If the demand for a good falls by less than the supply of the good rises, then the good's equilibrium price will __________ and its equilibrium quantity will __________
A) rise; fall B) rise; rise C) fall; fall D) fall; rise
A labor system whereby a limited number of workers can be certified to work in a particular field but are of higher ability because of the training necessary for certification will cause
A. the supply curve for these workers to become horizontal at some point. B. the supply for these workers to increase. C. the demand for these workers to increase. D. the wage paid to these workers to decrease.