Which of the following could explain a fall over time in the price of the depletable resource aloe?
a. The productivity of aloe mines fell.
b. New deposits of aloe were discovered.
c. Demand for aloe increased over time.
d. All of the above are correct.
b
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The demand for bonds curve slopes downwards because
A) at higher prices, bonds pay higher interest which makes them more attractive to buyers. B) lower prices reduce the cost of borrowing which makes them less attractive to buyers. C) at lower prices, bonds pay higher interest which makes them more attractive to buyers. D) higher prices raise the cost of borrowing which makes them less attractive to buyers.
The law of demand states that, other things equal, when the price of a good rises, the quantity demanded of the good rises, and when the price falls, the quantity demanded falls
a. True b. False Indicate whether the statement is true or false