According to the law of demand, if the price of movie rentals decreases, ceteris paribus,:
a. the demand for movie rentals would increase.
b. the quantity demanded of movie rentals would decrease.
c. the quantity demanded of movie rentals would increase.
d. the demand for movie rentals would decrease.
e. the quantity demanded of movie rentals would not change.
c
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Which of the following relate(s) to gross profit margin?
a. a term often used in manufacturing businesses b. the profit margin after subtracting direct costs from wholesale revenue c. the profit margin after subtracting variable manufacturing costs d. a and b e. a through c
Both short and long-run aggregate supply curves can shift to the right if entrepreneurial activities lower costs of production and expand what can be produced
a. True b. False Indicate whether the statement is true or false