Refer to the table below. Relative to column A, column B represents:Price PerUnitColumn A UnitsPer YearColumn B UnitsPer Year$20100110$308595$407080$505565$604050
A. a decrease in demand.
B. a decrease in supply.
C. an increase in demand.
D. an increase in supply.
Answer: C
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Between 2001 and 2015, equilibrium college tuition rose from $15,000 to $27,000 and equilibrium enrollment increased from 16 million to 21 million students. These changes could be the result of
A) an increase in demand. B) an increase in supply. C) a decrease in demand. D) a decrease in supply.
Total revenue cannot be derived from the demand curve or a demand schedule
a. True b. False Indicate whether the statement is true or false
Your real disposable income is your real income after you have paid
A. rent and food expenses. B. depreciation expenses. C. taxes less subsidies. D. consumption expenses.
During periods of ________ growth and inflationary pressures, the Federal Reserve will likely decrease the money supply to ________ interest rates.
A. slow; decrease B. high; decrease C. slow; increase D. high; increase