Which of the following cases are examples of industries that have potentially increasing costs due to scarce inputs?
A) Petroleum production
B) Medical care
C) Legal services
D) all of the above
D
Economics
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When the demand for money becomes less responsive to changes in income, the LM curve becomes ________ and it also shifts to the ________
A) flatter, left B) flatter, right C) steeper, left D) steeper, right
Economics
Why is price less than marginal revenue for a monopolist?
What will be an ideal response?
Economics