The law of supply states that, other things remaining the same,
A) demand increases when supply increases.
B) if the price of a good increases, firms buy less of it.
C) if the price of a good increases, the quantity supplied increases.
D) as people's income increase, the supply of goods increases.
E) if the price of a good increases, the supply increases.
C
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The demand for loanable funds curve shifts rightward when
A) expected profit decreases. B) the real interest rate rises. C) the real interest rate falls. D) expected profit increases. E) wealth rises.
"The slope of the demand curve gives the elasticity of demand." Do you agree or disagree? Why?
What will be an ideal response?
Which of the following is not a characteristic of a monopoly?
A.) High barriers to entry B.) Differentiated product C.) Ownership of essential resources D.) Large economics of scale
Phase of the business during which the economy is growing faster than usual
What will be an ideal response?