If a firm faces a downward-sloping demand curve
A) it will always make a profit. B) the demand for its product must be inelastic.
C) it can control both price and quantity sold. D) it must reduce its price to sell more units.
D
Economics
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Which of the following would not be considered a cause of poverty?
a. lack of proficiency in English b. a college education c. bad luck d. gender discrimination
Economics
Moving upward along an LM curve, velocity ________ because ________ remains constant while ________ rises
A) rises, real balances, real income B) rises, the interest rate, the price level C) rises, the interest rate, real balances D) falls, real balances, real income E) falls, real income, real balances
Economics