Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to Scenario 10.3. What level of output maximizes revenue?
A) 0 B) 45 C) 85 D) 125 E) 245
Which group has undermined international norms, including those which indicate which actors can rightfully use force to achieve their goals?
a. transnational advocacy networks b. norm entrepreneurs c. refugees d. transnational terrorists
In the short run a firm will operate if ______ is greater than __________.
Fill in the blank(s) with the appropriate word(s).
A rightward shift of the AD curve in the very steep upper part of the short-run AS curve will:
A. increase real output by more than the price level. B. increase the price level by more than real output. C. reduce real output by more than the price level. D. reduce the price level by more than real output.