If the demand for bathing suits and supply of bathing suits both decrease, then definitely the equilibrium
A) price will decrease.
B) price will increase.
C) quantity will increase.
D) quantity will decrease.
D
Economics
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The combination of frictional and structural unemployment is the:
a. cyclical rate of unemployment. b. transitional rate of unemployment. c. civilian rate of unemployment. d. natural rate of unemployment.
Economics
Monopolistically competitive markets are like perfectly competitive markets because in both markets firms:
A. have some control over price. B. face substantial barriers to entry. C. face a large number of competitors. D. have no control over price.
Economics