The law of demand is the principle that there is ________ relationship between the price of a good and the quantity buyers are willing to purchase in a defined time period, ceteris paribus
a. a direct
b. an inverse
c. an independent
d. no
b
Economics
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Based on the graph showing the effective federal funds rate, once interest rates bottomed out after the 2001 recession, they ______.
a. levelled off for several years
b. began an upward trend that is still ongoing
c. increased consistently for several years
d. went up slightly one year then dropped rapidly
Economics
Equilibrium price
What will be an ideal response?
Economics