The law of demand is illustrated by a demand curve that is
a. horizontal
b. vertical
c. upward sloping
d. constant
e. downward sloping
E
Economics
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If nothing else changes, the ________ the current exchange rate, the ________ is the expected profit from holding dollars, all other things remaining the same
A) higher; larger B) lower; smaller C) lower; larger D) The premise of the question is wrong because the exchange rate has nothing to do with expected profit from holding dollars.
Economics
What are the shapes of the AVC curve and the ATC curve and why do they have these shapes?
What will be an ideal response?
Economics