As income rises ________
A) the number of transactions households and firms undertake should increase
B) wealth also rises
C) demand for real money balances should increase
D) all of the above
E) none of the above
D
Economics
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A perfectly competitive firm is a price taker, but a monopoly is a price maker
a. True b. False Indicate whether the statement is true or false
Economics
Which is a feature of a purely competitive market?
A. Price differences between firms producing the same product B. Significant barriers to entry into the industry C. The industry's demand curve is perfectly elastic D. Products are standardized or homogeneous
Economics