A decrease in the price of coffee, other things being equal, causes a(n):
a. leftward shift in the demand curve for coffee.
b. downward movement along the demand curve for coffee.
c. rightward shift in the demand curve for coffee.
d. upward movement along the demand curve for coffee.
b
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An economic model
a. always has a mathematical foundation b. can never be proven wrong c. can be constructed for an individual economic unit but not for the economy as a whole d. is a simplification of the real world e. can be constructed for the economy as a whole but not for an individual economic unit
A good that is most likely to be in the producer price index is:
A. gasoline. B. apples. C. books. D. None of these would be in the PPI.
The capital account is the sum of the merchandise, services, and unilateral transfers accounts
a. True b. False Indicate whether the statement is true or false
A sole proprietorship has a single owner receiving the firm's profit and bearing limited liability
Indicate whether the statement is true or false