Which of the following statements is true about the impact of an increase in the price of lettuce?
a. The demand for lettuce will decrease
b. The supply of lettuce will decrease.
c. The equilibrium price and quantity of salad dressing will rise.
d. The equilibrium price and quantity of salad dressing will fall.
e. both a and d are true.
d. the equilibrium price and quantity of salad dressing will fall.
Economics
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The main source of economies of scale is
A) better management. B) constant returns to plant size. C) specialization. D) long-run cost curves eventually sloping downward. E) increases in the labor force not matched by increases in the plant size.
Economics
Workers in which of the following countries are often paid less than the U.S. minimum wage?
a. Italy b. Canada c. Poland d. Japan
Economics