Which of the following has been the largest organized group of U.S. unions during the past 50 years?

A) AFL-CIO
B) AFL
C) CIO
D) Change to Win

A

Economics

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Suppose that the demand for artichokes (Qa) is given as: Qa = 200 - 4P. Suppose that the price of artichokes is increased slightly from $10. The total expenditure by consumers on artichokes will ________ and the number of artichokes sold will ________.

A. rise; rise B. fall; fall C.fall; rise D. rise; fall

Economics

There are many cattle ranchers in the world, and there are also many McDonald's restaurants in the world. Why, then, does a McDonald's restaurant face a downward-sloping demand curve while a cattle rancher faces a horizontal demand curve?

What will be an ideal response?

Economics