If cigar prices tripled while sales of cigars rose 30 percent, this would likely be due to a shift in demand.
Answer the following statement true (T) or false (F)
True
The most likely explanation for the data is that a shift out in demand resulted in both rising prices and sales.
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Assume that the graphs show a competitive market for the product stated in the question below.
Select the graph that best shows the change in the market following a reduction in the tax placed on the buyers in the market.
A. graph (1) B. graph (2) C. graph (3) D. graph (4)
If General Motors imports parts from its plants in Canada and Mexico for finished trucks that it will sell across the NAFTA region, what type of trade does this represent?
What will be an ideal response?
Asset trades that deal with debt instruments are best described as
A) share of stock. B) exchange rate. C) receipts. D) factors. E) bonds or bank deposits.
To calculate the slope of a line, find the vertical distance between two points and divide it by the horizontal distance between the same two points.
Answer the following statement true (T) or false (F)