If a college enforces a new policy where anyone caught cheating is immediately expelled, the basic postulate of economics suggests that
A) the amount of cheating will be unaffected.
B) any of the above is possible because student behavior is unpredictable.
C) fewer students will attempt to cheat.
D) cheating will be completely eliminated.
C) fewer students will attempt to cheat.
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In the income-expenditure model, firms stand ready to provide all the output that is demanded
Indicate whether the statement is true or false
If the price of apples falls and apples and oranges are substitutes, we would expect:
a. The quantity of apples demanded to increase and the demand for oranges to increase. b. The quantity of oranges demanded to decrease and the demand for apples to increase. c. The quantity of apples demanded to increase and the demand for oranges to decrease. d. The quantity of oranges demanded to decrease and the demand for apples to decrease.