You notice that the price and quantity of wheat both decrease. This observation can be the result of the
A) demand curve for wheat shifting rightward.
B) demand curve for wheat shifting leftward.
C) supply curve of wheat shifting rightward.
D) supply curve of wheat shifting leftward.
B
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A change in the price of hamburgers will change the supply of hot dogs.
Answer the following statement true (T) or false (F)
Suppose a trade secret's owner has successfully proven in court that an infringer has illegally used the trade secret. If the trade secret's owner has lost $10 million in profits because of the infringement and the infringer has earned $6 million in profit as a result of illegally using the trade secret, the trade secret's owner will be awarded ________.
A) $4 million B) $10 million C) $16 million D) $6 million
The cartel consisting of Firm A and Firm B can become unstable if: a. Firm A manages to enhance the quality of its product. b. both the firm sell homogeneous products
c. Firm B decides to decrease its output. d. both firms decide to decrease industry output.
Which of the following could cause a recession?
a) An increase in consumption b) An increase in saving c) An increase in investment d) An increase in government purchases e) An increase in exports