If the price of butter increases, the demand for margarine
A) will be unchanged.
B) will shift outward.
C) will shift inward.
D) will kink into an S-curve.
B
Economics
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Refer to the scenario above. Which among the following is a possible outcome if the number of bidders decreases to 45?
A) There will be no change in the outcome of the auction. B) The optimal bid for Molly will now be $831.11. C) The optimal bid for Molly will now be $745. D) The optimal bid for Molly will now be $845.
Economics
The deficit at natural level of output is called
A) full-employment deficit. B) mid-cycle deficit. C) structural deficit. D) cyclically adjusted deficit. E) all of the above
Economics