Holding everything else constant, a decrease in the price of bicycles will result in
A) an increase in the demand for bicycles.
B) a decrease in the supply of bicycles.
C) a decrease in the quantity of bicycles demanded.
D) an increase in the quantity of bicycles demanded.
D
Economics
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If the price of chocolate chip cookies rises, then
A) the demand curve for chocolate chip cookies shifts rightward. B) the demand curve for chocolate chip cookies shifts leftward. C) there is a movement downward along the demand curve for chocolate chip cookies. D) there is a movement upward along the demand curve for chocolate chip cookies.
Economics
If a firm shuts down in the short run
A) it will lose its operating costs. B) its losses will be equal to zero. C) it will incur its fixed costs. D) it will incur only its explicit costs.
Economics