An increase in the price of a firm's output will shift the firm's demand curve for labor to the right, other things being equal
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If entry-restricting legal barriers effectively organized the funeral home industry of a large city into a monopoly cartel, economic theory indicates that, compared to the previously competitive situation,
a. the price of funeral services would decline, and output would increase. b. both the price and output of funeral services would decline. c. the price of funeral services would increase, and output would decline. d. both the price and output of funeral services would increase.
Economics
Refer to the table. The economy shown is a:
A. private economy.
B. private open economy.
C. mixed closed economy.
D. mixed open economy.
Economics