A shortage will occur at any price below equilibrium price and a surplus will occur at any price above equilibrium price
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following will NOT lead to a decrease in demand for a normal good?
A) an increase in income B) an increase in the price of an input C) a decrease in the price of a complement good D) an increase in the number of consumers
Economics
Technological change has played a major role in increasing competition in recent years
a. True b. False
Economics