Recall the Application. If the decrease in price of illegal drugs is due to equal changes in demand and supply, the equilibrium quantity of drugs
A) will increase. B) will decrease.
C) will not change. D) may or may not change.
C
Economics
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A nation's country-risk premium increases if:
a. Central bank policies become more predictable. b. Expected inflation becomes harder to predict. c. Its government becomes more stable. d. All of the above. e. None of the above
Economics
Which of the following will cause, other things being equal, a movement along the supply curve for HDTVs?
A) an improvement in the technology of producing HDTVs B) an increase in resource costs for producing HDTVs C) a reduction in the price of HDTVs D) an expectation that the price of HDTVs will be lower in the future
Economics