If the supply of a good decreases and demand remains constant equilibrium price:
a. Will decrease, and equilibrium quantity will increase
b. Will increase, and equilibrium quantity will decrease
c. And quantity will decrease
d. And quantity will increase
b. Will increase, and equilibrium quantity will decrease
Economics
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OLI theory is a direct contradiction of trade theory, especially trade theory based on comparative advantage
Indicate whether the statement is true or false
Economics
If you withdraw $500 from your savings account and deposit it in your checking account, then M1 will change by _____ and M2 will change by _____
Fill in the blank(s) with correct word
Economics