A decrease in the price of either good will cause a consumer's budget constraint to:
A) pivot leftward.
B) pivot rightward.
C) shift leftward.
D) shift rightward.
B
Economics
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On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A), the economy has reached its ________
A) general equilibrium, and barring any shocks, it will not move from A B) long-run equilibrium, and barring any shocks, it will not move from A C) short-run equilibrium, and even without any shocks, it may move away from A D) short-run equilibrium, and barring any shocks, it will not move from A E) none of the above
Economics
Tacit collusion occurs when price- and quantity-fixing agreements among producers
A. are legal. B. are explicit. C. are implicit. D. are nonexistent.
Economics