The market demand is the ________ of the individual demand of all the potential buyers
A) square of the sum B) sum
C) product D) square root of the sum
B
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The equilibrium output produced by a monopolistic competitor in the long run after the entry of new firms is ________
A) higher than the equilibrium output produced by the firm before the entry of new firms B) lower than the equilibrium output produced by the firm before the entry of new firms C) higher than the equilibrium output produced by a perfectly competitive firm in the long run D) equal to the equilibrium output produced by the firm before the entry of new firms
The short run sequence of events following an unanticipated shift to a more expansionary monetary policy would be lower interest rates followed by dollar
a. depreciation, and an increase in the current account deficit. b. depreciation, and a decrease in the current account deficit. c. appreciation, and an increase in the current account deficit. d. appreciation, and a decrease in the current account deficit.