When gasoline prices rose in the early 2000s, the demand for SUVs fell. An economist would predict that SUV prices would decline or at least not rise as quickly.
Answer the following statement true (T) or false (F)
True
A shift in demand leads to a reduction in prices.
Economics
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An increase (rightward shift) in the demand for a good will tend to cause a. an increase in the equilibrium price and quantity
What will be an ideal response?
Economics
Fairness legislation protects all workers from unfairly being fired
Indicate whether the statement is true or false
Economics