A(n) ______ is a graphical representation that shows the inverse relationship between price and the quantity a single buyer is willing and able to buy.

According to James Duesenberry, knowing someone's absolute income tells us everything about that person's income status

Indicate whether the statement is true or false

The Justice Department and the Federal Trade Commission are likely to oppose mergers

A. that seem likely to increase efficiency. B. that create a larger firm with economies of scale in a contestable market. C. which will help one of the merging firms out of financial difficulties. D. which threaten to reduce competition.