A market tends to be monopolistic if
a. The good has too many substitutes
b. The good has very few substitutes
c. The good has too many complements
d. The good has very few complements
b
Economics
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In the above figure, Sheryl's monthly budget line for movies and plays shifted, as shown. The shift in the budget line is parallel, so the shift might be because
A) the price of a movie fell and nothing else changed. B) the price of a play fell and nothing else changed. C) Sheryl's income decreased and nothing else changed. D) Sheryl's income increased and nothing else changed.
Economics
A depreciating currency makes foreign inputs cheaper and shifts the aggregate supply curve outward
a. True b. False Indicate whether the statement is true or false
Economics