Changes in the macroeconomy, such as an increase in average per person income, can have effects at the microeconomic level, for example, on the profitability of firms in a particular industry

The abbreviation "GDP" stands for

A) Gross Domestic Prices. B) General Domestic Prices. C) Gross Domestic Product. D) Great Domestic Prices. E) Government's Domestic Politics.

"Peak pricing" involves setting lower prices at peak times so that people can afford a good or service

a. True b. False Indicate whether the statement is true or false