What will be the principal and most immediate effect on the supply or demand for raw cotton grown in the United States if the price of synthetic textiles declines?
A) Decrease in demand
B) Decrease in supply
C) Increase in demand
D) Increase in supply
A
Economics
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John has to choose between a camping holiday and a holiday in Las Vegas. If he evaluates the total net benefit of both alternatives before coming to a decision, he is using the technique of:
A) ordinal analysis. B) optimization in levels. C) optimization in differences. D) marginal analysis.
Economics
What are the five most important variables that cause the market demand curve for labor to shift?
What will be an ideal response?
Economics