In the figure above, 10 percent of income in country C is distributed to the
A) richest 10 percent of the households.
B) poorest 10 percent of the households.
C) poorest 30 percent of the households.
D) poorest 70 percent of the households.
D
Economics
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When supply decreases and the supply curve shifts to the left, equilibrium price ________ and equilibrium quantity ________
A) increases; decreases B) decreases; increases C) decreases; decreases D) increases; increases
Economics
A cartel is a group of firms which agree to
A) behave competitively. B) raise the price of their product. C) lower the price of their product. D) increase the amount they produce.
Economics