An increase in supply will cause the equilibrium price to ________ and the equilibrium quantity to ________
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
C
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Explain why a firm can earn more profit by price discrimination than from setting a uniform price
What will be an ideal response?
M2 money includes all but which one of the following?
a. Checkable deposits. b. Savings accounts. c. Large denomination time deposits. d. Money market deposit accounts. e. Money market mutual accounts.
Which of the following basic economic concepts most clearly provides the foundation for the long-run aggregate supply curve?
a. the law of demand b. the production possibilities curve c. the law of comparative advantage d. the law of diminishing marginal utility
When the dollar appreciates, this shifts the AD curve leftward and the SRAS curve rightward, which will typically lead to an unchanged Real GDP
Indicate whether the statement is true or false