A firm that faces a downward sloping demand curve is known as a
A) price taker.
B) utility maximizer.
C) price searcher.
D) perfect competitor.
C
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Which of the following is true of Simple Keynesian model? a. Price level increases with an increase in aggregate demand
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If both buyers and sellers expect the price of a commodity to fall in the future, it is likely that the market clearing price ________ and the equilibrium quantity ________.
A. cannot be predicted, will fall B. cannot be predicted, will rise C. will rise, cannot be predicted D. will fall, cannot be predicted