If the price of gasoline (a normal good) decreases, other things constant,
a. the demand for gasoline increases
b. the demand for gasoline decreases
c. the quantity demanded of gasoline increases
d. the quantity demanded of gasoline decreases
e. neither the demand for gasoline nor the quantity demanded of gasoline changes because everything is assumed constant along a demand curve
C
Economics
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Refer to the accompanying figure. The equilibrium price is ________, and the equilibrium quantity is ________.
A. $30; 15 B. $25; 5 C. $25; 20 D. $35; 20
Economics
Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The marginal product of the 30th input item is
A. 24. B. 120. C. 12. D. 200.
Economics