In the diagram, a shift from AS 1 to AS 2 might be caused by:
A. stricter government regulations.
B. an increase in the prices of imported resources.
C. a decrease in the prices of domestic resources.
D. an increase in business taxes.
C. a decrease in the prices of domestic resources.
Economics
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Suppose the observed annual quantity of steel exchanged in the European market is 30 million metric tons, and the observed market price is 90 euros per ton. If the linear demand function for steel takes the form Q = a - 0.9P, what is an appropriate value for the intercept coefficient a?
a = -111 a = 51 a = -51 a = 111
Economics
A sole proprietorship with unlimited liability and full control over daily operations is one form of business ownership
Indicate whether the statement is true or false
Economics