Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that
A) the demand for tarot card readers has increased.
B) the law of demand has been violated.
C) the number of tarot card readers has increased.
D) tarot card readers are deliberately charging high prices because they provide services for superstitious clients.
A
Economics
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Which of the following is likely to happen if the government increases its expenditure?
A) Price level will fall. B) Investment will decrease. C) Unemployment will increase. D) Consumption will increase.
Economics
When price and marginal cost are equal for a perfectly competitive firm, the firm is
A) minimizing average total cost. B) maximizing total revenue. C) maximizing economic profit. D) earning negative economic profit.
Economics