Holding all other factors constant, consumers demand more of a good the
A) higher its price.
B) lower its price.
C) steeper the downward slope of the demand curve.
D) steeper the upward slope of the demand curve.
B
Economics
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In a cartel, how does the number of firms affect the likelihood that the cartel will be able to successfully maintain a high price?
What will be an ideal response?
Economics
Refer to the production possibilities frontier in the figure above. Production point ________ represents an ________ production point
A) b; unattainable B) c; unattainable C) e; inefficient D) c; inefficient
Economics