When there is a surplus of a product in an unregulated market, there is a tendency for
A. price to rise.
B. quantity demanded to increase.
C. quantity supplied to decrease.
D. price to fall.
Answer: D
Economics
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A decrease in the price of sugar will shift the supply curve for cookies to the right
a. True b. False Indicate whether the statement is true or false
Economics
Suppose that a bank's actual reserves are $5 million, its checkable deposits are $5 million, and its excess reserves are $3 million. The reserve requirement must be:
A. 40 percent. B. 20 percent. C. 10 percent. D. 5 percent.
Economics