When price falls, demand rises.
Answer the following statement true (T) or false (F)
False
Economics
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The fundamental economic problem is: a. poverty
b. unemployment. c. scarcity. d. inflation.
Economics
One of the defining characteristics of a perfectly competitive market is
a. both buyers and sellers are well informed about the market b. a small number of buyers c. high barriers to entry d. a small number of buyers but a large number of sellers e. buyers are better informed about the market than sellers
Economics