Using the table shown, if the theater charges two prices (based on age), it should choose a higher price of ____________ and a lower price of ____________.
a. $11; $6
b. $10; $6
c. $9; $7
d. $8; $6
b. $10; $6
Economics
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If the number of automobile manufacturers decreases
A) the supply of automobiles increases. B) the demand for automobiles increases. C) the demand for automobiles decreases. D) the supply of automobiles decreases.
Economics
Which of the following statements about recessions is true?
a. An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP. b. Recessions occur at regular intervals and last standard amounts of time. c. There is no ironclad rule for the declaration of recessions. d. Recessions are associated with low unemployment and high income.
Economics