Suppose that the market for salad dressing is in equilibrium. Then the price of lettuce rises. What will happen?
A. The quantity demanded of salad dressing will increase.
B. The supply of salad dressing will decrease.
C. The demand for salad dressing will decrease.
D. The price of salad dressing will rise.
Answer: C
Economics
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A) potential GDP decreases. B) real GDP decreases. C) both real GDP and potential GDP decrease. D) potential GDP increases. E) full employment GDP decreases.
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Liz loves to eat popcorn. Still, the more she eats, the less she wants each additional bite. Her marginal utility from popcorn is
A) diminishing. B) negative. C) increasing. D) zero.
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