In a competitive resource market, a decrease in the demand for a productive resource, ceteris paribus, will cause all of the following except a(n):


A. Decrease in the price of the resource

B. Increase in the price of the resource

C. Decrease in the total income earned by all units of the resource

D. Decrease in the number of units of the resource that are employed

B. Increase in the price of the resource

Economics

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Price ceilings are primarily targeted to help __________, while price floors generally benefit __________

a. producers; no one b. increase tax revenue for governments; producers c. increase tax revenue for governments; consumers d. producers; consumers e. consumers; producers

Economics

Which statement is true?

A. Money may perform as a standard of value or as a store of value, but not both at the same time. B. The main job of money is a medium of exchange. C. Money may perform as a standard of value or as a standard of deferred payment, but not both at the same time. D. Money performs extremely well as a standard of deferred payment in the long run.

Economics