How can it be that people purchase more of a good while its price is rising?
A) The supply curve must be shifting to the left.
B) The demand curve must be shifting to the right.
C) Supply and demand do not change.
D) It cannot happen, otherwise the law of demand is violated.
B
Economics
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A situation in which the quantity of bonds supplied exceeds the quantity of bonds demanded is called a condition of excess supply; because people want to sell ________ bonds than others want to buy, the price of bonds will ________
A) fewer; fall B) fewer; rise C) more; fall D) more; rise
Economics
Technological advance is a three-step process involving:
A. invention, duplication, and diffusion. B. duplication, innovation, and diversity. C. invention, innovation, and diffusion. D. necessity, invention, and solution.
Economics