A demand curve for The Steel Porcupines' concert tickets would show the:
a. quality of service that customers demand when they buy a ticket.
b. number of people who like to attend the concert.
c. number of tickets the promoters are willing to sell at each price.
d. number of concert tickets that will be purchased at each price.
d
Economics
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How does Adam Smith's idea of the "invisible hand" apply to the various parts, made by many different manufacturers in many different countries, that are used by Apple to produce an iPad?
What will be an ideal response?
Economics
The larger the MPC, the ________ the expenditure multiplier and the ________ the effect of a change in expenditure on equilibrium output.
A. larger; smaller B. smaller; larger C. larger; larger D. smaller; smaller
Economics