Suppose Sprite and 7-Up are considered by consumers to be substitutes. The likely economic impact of a decrease in the price of 7-Up is a:
a. movement up along the demand curve for Sprite.
b. decrease in the supply of 7-Up
c. rightward shift of the demand curve for Sprite.
d. leftward shift of the demand curve for Sprite.
d
Economics
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Paying efficiency wages are a way for a company to cut costs and become more efficient, and are therefore lower than market wages
Indicate whether the statement is true or false
Economics
Attacking inflation through wage/price controls is part of a
a. orthodox stabilization strategy b. response to inertial inflation c. strategy supported by the International Monetary Fund d. response to rapid money supply growth e. none of the above
Economics