A(n) __________ in exports by the United States results in a(n) __________ in the supply of foreign exchange
A) increase; increase
B) decrease; increase
C) increase; decrease
D) None of the above.
A
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What is the effect of the interaction of buyers and sellers on a market?
(A) Association of both supply and demand with income. (B) Agreement on the price and the quantity traded. (C) Theoretical relationship between price and use. (D) Desire for goods that cannot actually be afforded.
Refer to the figure below. Suppose the solid line represents the current supply of Star Wars action figures. If the price of the plastic used to make action figures rises, current supply will:
A. not change; only the quantity supplied will change. B. shift to S(A). C. shift to S(B). D. not change because a change in the price of plastic will not affect the demand for action figures.