Matthew bakes apple pies that he sells at the local farmer's market. If the price of apples increases, the
a. supply curve for Matthew's pies will increase.
b. supply curve for Matthew's pies will decrease.
c. demand curve for Matthew's pies will increase.
d. demand curve for Matthew's pies will decrease.
b
Economics
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Which of the following is a statement of positive economics?
a. The income tax reduces after-tax incomes of the rich b. A reduction in tax rates makes the after-tax distribution of income fairer. c. Tax rates ought to be reduced so that people will work more. d. All of the above are statements of positive economics.
Economics
Use a supply and demand diagram to show how health insurance causes an over allocation of resources to health care
Economics