When the price of NBA tickets is $25 each, 30,000 tickets are sold. After the price rises to $30 each, 20,000 tickets are sold. At the original price, the demand for NBA ticket is:

Aggregate supply is the quantity of goods and services that consumers wish to buy at different price levels during a given period of time

a. True b. False Indicate whether the statement is true or false

Adam Smith wrote that the:

a. government should control the economy. b. public or collective interest is not promoted by people pursuing their self interest. c. pursuit of private self interest promotes the public interest in a market economy. d. economic problems of eighteenth-century England were caused by free markets.