what happens when demand decreases and supply does not change
What will be an ideal response?
demand curve shifts left, equilbrium price and equilbrium quantity decrease
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When Audrina raised the price of her homemade cookies, her total revenue increased. This suggests that the demand for Audrina's cookies is elastic
Indicate whether the statement is true or false
Which one of the following countries was the "spark" that ignited the 2009 euro crisis?
A) China B) Greece C) England D) Spain E) Germany
In the Keynesian model which includes the Keynesian short-run aggregate supply curve
A) an increase in aggregate demand would causes the price level to rise, but does not change the level of real GDP. B) an increase in aggregate demand causes real GDP to rise without changing the price level. C) an increase in aggregate demand changes neither the price level nor the level of real GDP. D) an increase in aggregate demand causes real GDP and the price level to decrease.
A payment arrangement between an attorney and a plaintiff, in which the plaintiff agrees to pay a certain lump-sum amount at the outset and no more in the future, regardless of how the case develops is called:
a. contingency fees. b. capitation fees. c. liquidation. d. one-time settlement.