In the above figure, the rise in the price of a gallon of gasoline that created the movement from point C to point A would be shown as a movement ________ along the demand curve for ________

A) upward; coffee
B) downward; coffee
C) upward; gasoline
D) downward; gasoline

C

Economics

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Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output will AFC be the lowest?

A) at 0 gallons B) at 10 gallons C) at 40 gallons D) at 70 gallons

Economics

Because the monopolistically competitive firm faces a ________ demand curve for its product, it ________ the price of its output

A) downward-sloping; can influence B) horizontal; can influence C) horizontal; cannot influence D) downward-sloping; cannot influence

Economics