Referring to the previous question, all else constant, a one unit increase in the price of good Y would cause the quantity demanded of good X to:
A) decrease by 2 units.
B) increase by 2 units.
C) decrease by 1 unit.
D) decrease by 5 units.
A
Economics
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The Taylor rule is an example of: a. a non-discretionary rule
b. a discretionary policy. c. a hybrid-part rule, part discretion. d. neither a rule nor a discretionary policy.
Economics
If the price doesn't change, no matter how much output is produced, the total revenue curve is a(n)
a. upward-sloping straight line b. downward-sloping straight line c. horizontal straight line d. U-shaped curve e. hill-shaped curve
Economics