Which of the following acts makes it a felony for competing businesses to fix prices?
A) the Sherman Act
B) the Clayton Act
C) the Federal Trade Commission Act
D) the Robinson-Patman Act
A
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As people have more time to adjust to changes in a good's price,
A) the demand curve will become less elastic. B) the supply curve will become less elastic. C) both the demand and supply curves will become less elastic. D) both the demand and supply curves will become more elastic.
"Every point on a demand curve represents a consumer equilibrium in the indifference curve model." Explain why the previous statement is correct or not
What will be an ideal response?
The difference between M1 and M2 is significant. Which of the following best describes the difference? a. M1 is nearly three times as large as M2
b. M2 is made up mostly of demand and checkable deposits. c. M2 is substantially larger than M1. d. None of the above.
Rent controls can cause a. a decline in the quality of housing available for rent
b. the development of a black market to allocate apartments to renters. c. longer search times for renters attempting to locate an apartment. d. all of these are possible results of rent controls.