If the price of roses decreases, the supply of roses will also decrease. This statement is an example of a(n) ______.
a. fallacy
b. hypothesis
c. aggregate
d. ceteris paribus
b. hypothesis
Economics
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A price support set above the equilibrium price does which of the following?
i. decreases producer surplus ii. decreases consumer surplus iii. decreases the marginal cost of the last unit produced A) i and ii B) i and iii C) ii and iii D) i, ii, and iii E) ii only
Economics
Money is a ________ and a transaction is a ________
A) stock; stock B) flow; flow C) flow; stock D) stock; flow
Economics