Suppose consumers view the George Foreman Grill and the Weber charcoal grill as close substitutes. Other things constant, a fall in the price of the George Foreman Grill would tend to
A) increase the demand for the Weber grill.
B) increase the demand for the George Foreman Grill.
C) decrease the demand for the Weber grill.
D) decrease the demand for the George Foreman Grill.
C
Economics
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If a tax is levied on the sellers of a product, then the demand curve will
A. become flatter. B. shift up. C. not shift. D. shift down.
Economics
Corporations receive funds when their stock is sold in the primary market. Why do corporations pay attention to what is happening to their stock in the secondary market?
What will be an ideal response?
Economics