Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for bicycle helmets. Which panel best describes what happens in this market if there is a substantial increase in the price of bicycles?

In the United States, the main source of fluctuations in the current account balance is

A) exports of capital. B) net transfers. C) international debt. D) net exports. E) net interest.

Provide two examples of economics being used as a tool by each of a student, a business, and a government. Classify your examples as dealing with microeconomic topics and macroeconomic topics

What will be an ideal response?