Suppose the equilibrium price and quantity of ketchup fall. The most likely explanation for these changes is:

A. an increase in the supply of ketchup.
B. a decrease in the demand for ketchup.
C. an increase in the demand for ketchup.
D. a decrease in the supply of ketchup.


Answer: B

Economics

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The main criticism leveled at the rational expectations theorists is that _________________.

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Economics