Excess supply in an unregulated market will cause the price of a product to fall
Indicate whether the statement is true or false
TRUE
Economics
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Which of the following is NOT an asset of commercial banks?
A) business loans B) consumer loans C) home mortgages D) savings deposits
Economics
Suppose the quantity supplied of computers increases from 2 million to 4 million units as the price of a computer increases from $600 to $700. What does the price elasticity of supply equal?
What will be an ideal response?
Economics