A decrease in the demand for beef because of concerns over cholesterol results in
A) lower beef prices.
B) higher beef prices.
C) an increase in the supply of beef.
D) an offsetting increase in the demand for beef if the price of beef falls.
A
Economics
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An indexed payment is one
A. whose real value changes with the rate of change in the price level. B. whose nominal value is held constant. C. whose dollar value changes with the rate of change in the price level. D. whose nominal value is equal to its value.
Economics
Regarding the costs of regulation, which is a FALSE statement?
A) Airline safety standards have increased the price of air travel. B) Automobile safety standards raise the price of cars. C) Regulatory spending by federal agencies has decreased since 1970. D) Pharmaceutical manufacturing safety standards raise the price of drugs.
Economics