The figure above shows the demand for fruit snacks. Which movement reflects an increase in demand?
A) from point a to point e
B) from point a to point b
C) from point a to point c
D) from point a to point d
D
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When demand is unit elastic, a change in price causes total revenue to stay the same because
A) the change in profit is offset by the change in production cost. B) buyers are buying the same quantity. C) total revenue never changes with price changes. D) the percentage change in quantity demanded exactly offsets the percentage change in price.
As the marginal propensity to consume (MPC) decreases, the spending multiplier:
a. increases. b. decreases. c. remains constant. d. becomes indefinable.
Identify two ways that the government intervenes in markets to control prices and restricts the use of individual property
What will be an ideal response?
Capital stock will increase as long as:
A. capital deepening decreases. B. depreciation exceeds real GDP. C. gross investment exceeds depreciation. D. net investment equals zero.