Moving along a budget line, the prices of both goods:
a. vary and the consumer's budget is held constant.
b. are held constant and the consumer's budget varies.
c. and the consumer's budget are held constant.
d. and the consumer's budget vary.
c
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Requirements tie-in-sale is
a. Where customers have to purchase all their products from one store in variable proportions b. Where customer can mix and match products from different stores c. Where two or more products are sold together in fixed proportions d. Where you get discounts for buying in large quantities
Considering the market for loanable funds as depicted in the given graph, a change that increased the quantity people want to save at any given interest rate would cause a new equilibrium at a:
A. lower interest rate and a higher equilibrium quantity of funds saved and invested.
B. higher interest rate and a higher equilibrium quantity of funds saved and invested.
C. lower interest rate and a lower equilibrium quantity of funds saved and invested.
D. higher interest rate and a lower equilibrium quantity of funds saved and invested.
When money is used to set the value of goods such as cars, VCRs and TVs, money serves as a
a. Store of Value. b. Medium of Exchange. c. Standard of deferred payment. d. Unit of account. e. None of the above.
As the number of firms in an oligopoly increases, the magnitude of the price effect increases
a. True b. False Indicate whether the statement is true or false