An increase in demand will cause the equilibrium price and quantity to rise, ceteris paribus

Using a unified analytic framework to present the information in the text keeps the knowledge

A) focused on theories that have little to do with actual behavior. B) theoretical and uninteresting. C) abstract and not applicable to real life. D) from becoming obsolete.

When OPEC meets to set production levels, this organization is playing a

A) negative sum game. B) cooperative game. C) non-cooperative game. D) reaction function game.