If the demand for legal services decreases, the demand for legal assistants probably will:
A. increase.
B. decrease.
C. not be affected.
D. change in a manner that cannot be predicted.
Answer: B
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Explain what the poverty line is and its purpose
What will be an ideal response?
Fred's demand schedule for movie DVDs is as follows: At $60, he would buy 1; at $50, he would buy two; at $30, he would buy 3; and at $20, he would buy 4 . If the price of movie DVDs equals $40, the consumer surplus Fred receives from purchasing movie DVDs would be: a. $20
b. $30. c. $40. d. $110.
When quantity supplied is greater than quantity demanded, there is a ____________.
Fill in the blank(s) with the appropriate word(s).
Scarcity is a situation in which resources are unlimited in quantity and can be used in different ways
Indicate whether the statement is true or false