There are at least ______ factors in addition to price that affect demand.
a. three
b. four
c. five
d. two
d. two
There are at least two factors in addition to price that affect demand.
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As of 2012, the bank portion of TARP:
A) earned a profit of $21 billion B) earned a profit of $245 billion C) cost $266 billion D) cost $700 billion
Refer to the above figure. Medicare subsidies have increased the price of medical services to Ps. Which of the following statements is TRUE about the effect the Medicare subsidy has had on the consumption of medical services?
A) The amount of medical services provided has decreased from Q0 to Qd as a result of the subsidy. B) The amount of medical services provided has increased from Q0 to QM as a result of the subsidy. C) The amount of medical services provided has increased from Qd to QM as a result of the subsidy. D) The amount of medical services provided has remained unchanged as a result of the subsidy.
Figure 10-6
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In Figure 10-6, if the current market price is at $10, then in the long-run equilibrium
A. each firm will be producing a smaller output. B. the market price will rise to $20. C. the number of firms in the market will increase. D. All of these responses are correct.
A change in the income of buyers will normally change demand
a. True b. False Indicate whether the statement is true or false