A graph can be used to illustrate the relationship between the price of compact discs and the quantity of compact discs demanded. If there is evidence that buyers' income also influences the demand for compact discs, then a movement along the curve can be caused by a change in the price of compact discs

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?

a. All major sectors grew with the exception of agriculture and construction. b. All major sectors grew, and agriculture grew the most. c. The manufacturing sector grew the most, followed by railroads, but agricultural employment decreased. d. All major sectors grew, and railroads grew the most.

Economics

Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: Based on the info above, if R decreases by 10% (all other things constant), Y will

A. decrease by 4.66%. B. increase by 46.6%. C. increase by 4.66%. D. decrease by 46.6%.

Economics