From the very beginning of our republic through the 19th century, the overriding and chronic problem we faced was too little currency
Indicate whether the statement is true or false
F
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Which is likely to be more elastic: the demand for orange juice or the demand for a particular brand of orange juice? Explain
What will be an ideal response?
A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)?
A) The demand for video game consoles would decrease and the equilibrium price of video game consoles would decrease. B) The demand for video game consoles would decrease because consumers could afford to buy fewer LCD televisions and video game consoles. C) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase.
If a monopolist wishes to increase its output and quantity sold
A) it must reduce its price, so its marginal revenue is greater than its price. B) it must reduce its price, so its marginal revenue is less than its price. C) it must raise its price, so its marginal revenue is greater than its price. D) it must raise its price, so its marginal revenue is less than its price.
As the interest rate increases, _____
a. the supply of loanable funds increases b. the supply of loanable funds decreases c. the quantity supplied of loanable funds increases d. the quantity supplied of loanable funds decreases