Assume the demand schedule for cookies is downward sloping. If the price of cookies falls from $2.50 to $2.25 per dozen:
a. the demand for cookies will fall
b. the demand for cookies will rise.
c. a larger quantity of cookies will be demanded.
d. a smaller quantity of cookies will be demanded.
c
Economics
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Scarcity means we must
A) consume less. B) produce less. C) make choices. D) earn more. E) work more.
Economics
Suppose a firm manager has a base salary of $75,000 and earns 1.5 percent of all profits. Determine the manager's income, if revenues are $10,000,000 and profits are $5,000,000.
A. $300,000 B. $225,000 C. $75,000 D. $150,000
Economics