A movement upward and to the left along a given demand curve is called a decrease in demand
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If Q = K2L2 the MPL is
a. constant b. diminishing c. increasing
Economics
Economists:
A. always put the independent variable on the horizontal axis and the dependent variable on the vertical axis. B. always put the dependent variable on the horizontal axis and the independent variable on the vertical axis. C. are somewhat arbitrary in assigning independent and dependent variables to the horizontal and vertical axes. D. measure the slope of a line differently than do mathematicians.
Economics