Demand is a schedule of
A. each possible price and the amount people will buy when their incomes change.
B. how much of a good people will purchase at each income level.
C. how much of a good people will purchase at each different possible price.
D. how much of a good a person wants.
Answer: C
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The term demand refers to
a. a collection of numbers, listing the quantities demanded at a variety of hypothetical prices. b. the information on tastes, incomes, and prices needed to determine people's desired purchases of a commodity. c. the amount of a commodity that is being purchased under current market conditions. d. the quantity purchased at each and every possible level of income.
Why does depreciation decrease the stock of capital?
What will be an ideal response?
Free markets produce too little output when
a. negative externalities exist b. positive externalities exist c. production uses fixed-production technology d. production uses variable technology e. the resource is exhaustible
A decrease in consumer confidence can put your job at risk if
What will be an ideal response?