The price of home computers rises. According to the law of supply, manufacturers will respond to this price increase by
A. keeping computer production steady
B. decreasing computer production.
C. increasing computer production.
D. halting computer production.
Ans: C. increasing computer production.
Economics
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A wage that allows people to pay for the necessities of life is known as a(n): a. equilibrium wage. b. minimum wage
c. living wage. d. fair wage. e. subsistence wage.
Economics
Public goods are
A) rival and exclusive. B) rival, but not exclusive. C) exclusive, but not rival. D) neither exclusive nor rival.
Economics