If the demand for hand-sewn leather shoes increases, it is likely the demand for leather will:
A. also increase.
B. decrease slightly.
C. stay the same.
D. drop significantly and producers will use another material.
A. also increase.
Economics
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The largest component of M1 is
A) currency and coins. B) traveler's checks. C) transaction deposits. D) time deposit.
Economics
When there is an excess quantity supplied in the market
A) the price of the product will increase, causing a decrease in demand and an increase in supply. B) the price of the product will increase, causing a decrease in quantity demanded and an increase in supply. C) the price of the product will decrease, causing an increase in quantity demanded and a decrease in quantity supplied. D) the price will increase, causing a decrease in demand and an increase in quantity supplied.
Economics