If a monopoly's demand curve shifts to the right, the
A) monopoly will charge a higher price.
B) monopoly will charge a lower price.
C) monopoly will sell more.
D) monopoly's decision cannot be determined.
D
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Efficiency is defined as
A) the maximum consumption of goods. B) the production of goods and services. C) production of output at minimum cost. D) arriving at one's destination quickly.
If the demand for hand-sewn leather shoes increases, it is likely the demand for leather will:
A. also increase. B. decrease slightly. C. stay the same. D. drop significantly and producers will use another material.
If you deposit $20,000 in cash into a demand deposit account at a bank that faces an 18 percent required reserve ratio the result will be:
a. the bank will add $3,600 to its excess reserves. b. the bank will add $16,400 to its excess reserves. c. the bank will add $16,400 to its total reserves. d. the bank will add $20,000 to its excess reserves.
It takes more money to purchase the same amount of goods when prices _____. Therefore, the value of your money has ____
Fill in the blank(s) with correct word