A technological breakthrough lowers the cost of manufacturing microwave ovens. As a result, the market changes to a new equilibrium because of

a. an upward movement along the demand curve for microwave ovens.
b. a rightward shift in the demand curve for microwave ovens.
c. a rightward shift in the supply curve for microwave ovens.
d. a shortage of microwave ovens.


C

Economics

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One major difference between a debit card and a credit card is:

A. the debit card has lower minimum monthly payments. B. debit cards have no late fees. C. only the debit card helps you to build a credit history. D. you do not need to actually have the funds in your account when you use a debit card.

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The debt-to-GDP ratio is higher,

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Economics

The upward-sloping portion of the perfectly competitive firm's average variable cost curve is the firm's short run supply curve.

Answer the following statement true (T) or false (F)

Economics