The law of supply indicates that, all else held constant,

A. producers will be willing and able to offer more of a product at high prices than at low prices.
B. producers will be willing and able to offer more of a product at low prices than at high prices.
C. the product supply curve is downward-sloping.
D. consumers will be willing and able to purchase less of a good at high prices than at low prices.


Answer: A

Economics

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What will be an ideal response?

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According to the Application, economist John B. Taylor found that the aid to state and local governments which were a part of the 2009 stimulus package were used primarily to

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The ceiling on the interest rate, setting a maximum rate that banks and S&Ls were allowed to pay depositors, was prescribed by

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Refer to the given data. The United States has a balance of goods:



The following table contains hypothetical data for the 2012 U.S. balance of payments. Answer the question on the basis of this information. All figures are in billions of dollars.

A.  deficit of $10 billion.
B.  surplus of $30 billion.
C.  deficit of $30 billion.
D.  surplus of $20 billion.

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