Suppose the price of home heating oil is unchanged, yet we observe people purchasing 20% more than a year ago. Then
A) the demand for home heating oil has increased.
B) the demand for home heating oil has decreased.
C) the demand for home heating oil has remained unchanged—only quantity demanded changed.
D) the law of demand has been proven false.
A
Economics
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As long as a bank's stockholders' equity is greater than zero:
A) the stockholders in the bank bear all the risk involved. B) the customers of the bank bear all the risk involved. C) the bank bears all the risk involved. D) bank runs are not possible.
Economics
As in other industries, the market structure of the computer industry has evolved over time. It began as a monopoly and then became perfectly competitive.
Answer the following statement true (T) or false (F)
Economics