Julie's demand curve for video downloads is downward sloping because as the price of a download decreases, ________ and she watches ________ videos
A) the slope of her budget line changes; fewer
B) her budget line shifts inward; fewer
C) the slope of her budget line changes; more
D) her budget line shifts outward; more
C
Economics
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Monopolistic firms do not have supply curves because
A) monopolists get to choose their price-quantity combination along the demand curve. B) monopolists face a given market price. C) their marginal costs cannot be calculated. D) they are not constrained by the marginal costs of production. E) their output is a fixed quantity.
Economics
The most volatile component of aggregate demand is
a. consumption spending. b. government spending. c. investment spending. d. net exports.
Economics