Consider gardening books. What will happen to the market for these books as gardening becomes more popular and simultaneously printing costs increase?
A) The price of gardening books definitely increases.
B) The quantity of gardening books definitely increases.
C) The price of gardening books might increase or decrease.
D) The quantity of gardening books definitely stays the same.
A
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) If business income is total output minus total labor cost, then business income in country B after emigration occurs:
A. Increases by area vqsw
B. Increases by area qsr
C. Decreases by area qsr
D. Decreases by area vqsw
On a part of the demand curve where the price elasticity of demand is less than 1, a decrease in price:
a. is impossible. b. will increase total revenue. c. will decrease total revenue. d. raises the price elasticity of demand. e. decreases quantity demanded.
Explain the efficiency wage theory
What will be an ideal response?
Explain two strengths of monetary policy for achieving economic stability.
What will be an ideal response?