The willingness of consumers to buy a product at different prices is shown on a
A) demand curve.
B) supply curve.
C) production possibilities frontier.
D) marginal cost curve.
Answer: A
Economics
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A rise in the real interest rate will cause which of the components of aggregate demand to decline?
A) Only C B) Only C and I C) Only C, I, and NX D) C, I, G, and NX
Economics
A nation's average annual real GDP growth rate is 2.5%. Based on the rule of 70 the approximate number of years that it would take for this nation's real GDP to double is:
A. 175 years B. 40 years C. 28 years D. 17.5 years
Economics