A permanent decrease in demand definitely
A) shifts a firm's average total cost curve downward.
B) creates diseconomies for individual firms.
C) lowers the market price.
D) decreases the number of firms in the industry.
E) shifts a firm's average total cost curve upward.
D
Economics
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If the CPI in the United States was 150 in 2003 and 160 in 2004, the inflation rate over the year is _____
a. 10 percent b. 20 percent c. 7 percent d. 30 percent e. 50 percent
Economics
One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
A) supplier expectations about future prices change. B) the price of the good changes. C) the cost of producing the good changes. D) prices of substitutes in production change.
Economics