Suppose there is an increase in the price of oranges. Which of the following is a possible cause?
a. increase in income
b. increase in the price of sugar, a complement of oranges
c. decrease in the price of tangerines, a substitute for oranges
d. freeze in Florida
e. favorable weather pattern
D
Economics
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The capital deepening model developed by Robert Solow shows the links among which three items?
What will be an ideal response?
Economics
Seller A, has an upward-sloping supply curve, and is willing to supply 400 units of a commodity at a price of $5 per unit. Seller A is now willing to supply 500 units at a price of $5 per unit. Evidently, seller A has experienced a(n):
a. increase in supply. b. decrease in supply. c. increase in quantity supplied. d. decrease in the quantity supplied. e. decrease in demand.
Economics