A change in demand cannot be caused by a change in

a. tastes
b. population
c. the prices of other goods
d. expectations of future prices
e. the price of the good itself

E

Economics

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Individuals who specialize in activities that lower transaction costs are

A) consumers. B) producers. C) bureaucrats. D) middlemen.

Economics

Mutual interdependence would tend to limit control over price in which market model?

A. Monopolistic competition B. Pure competition C. Pure monopoly D. Oligopoly

Economics