When the price of a good rises, there is
A) an increase in supply.
B) a decrease in supply.
C) a decrease in quantity supplied.
D) an increase in quantity supplied.
D
Economics
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The figure above shows Sam's budget line. Which of the following equals the vertical intercept of Sam's budget line?
A) Y/Pc B) Y/Pg C) -(Pc/Pg) D) -(Pg/Pc)
Economics
An official agreement with another country in which it agrees to import more from the United States is
A) a regional trade bloc. B) the quota system. C) a voluntary import expansion. D) a voluntary restraint agreement.
Economics