If a straight line passes through the point x = 8 and y = 4 and also through the point x = 12 and y = 6, the slope of this line is

The income effect explains why there is a direct relationship between the price of a product and the quantity of the product demanded

Indicate whether the statement is true or false

You are a restaurant owner buying vegetables from a local farmer. You recently found out that another one of the farmer's clients, a competing restaurant has shut down, what would that do to your bargaining power?

a. Increase your bargaining power b. Decrease your bargaining power c. Not affect your bargaining power d. None of the above