Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes. Based on this information we can conclude, with certainty, that in the market for used single-family homes equilibrium:
A) price will increase.
B) price will decrease.
C) quantity will increase.
D) quantity will decrease.
B
Economics
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The above table shows the market shares for all the landscaping services in a suburban area. The Herfindahl-Hirschman Index (HHI) equals
A) 65. B) 900. C) 1400. D) 1600.
Economics
The self-correcting mechanism is the reason that the economy will behave as the classical model predicts in the long run
a. True b. False
Economics