The direct relationship between changes in price and changes in quantity supplied is
A) a change in supply.
B) shown by a shift in the supply curve.
C) the law of supply.
D) the law of relative production.
C
Economics
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Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point d,
A) his MRS is larger than the trade-off offered by the market. B) he is willing to give up more chicken than he has to, given market prices. C) he is not maximizing his utility. D) All of the above.
Economics
The Federal Reserve System can be described as a bank for bankers
a. True b. False Indicate whether the statement is true or false
Economics