Where Y is GDP, C is consumption, I is investment, G is government purchases, and there is no international trade, national saving equals:

In a market economy, incomes would be very equal if there was no discrimination

a. True b. False Indicate whether the statement is true or false

A residual demand curve:

A. shows the relationship between the market price and the quantity demanded by consumers at each price. B. shows the relationship between a firm's output and the market price given the prices charged by the firm's rivals. C. shows the relationship between a firm's output and the market price given the outputs of the firm's rivals. D. shows the remaining demand for a good after a firm's rivals have sold their output.