Suppose the numbers in parentheses represent two points on a line: (59 billion quarts; $4) and (78 billion quarts; $6). The line is most likely a
a. production possibilities frontier for milk.
b. supply curve for milk.
c. demand curve for milk.
d. ray through the origin.
e. time series line.
b
Economics
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The demand curve for bonds has the usual downward slope, indicating that at ________ prices of the bond, everything else equal, the ________ is higher
A) higher; demand B) higher; quantity demanded C) lower; demand D) lower; quantity demanded
Economics
It is appropriate to use the supply-and-demand model in which of the following markets?
A) beer market B) car market C) wheat market D) market for breakfast cereal
Economics