An increase in the demand for bonds will increase both the price of bonds and the quantity of bonds held

In natural monopoly, AC continuously declines due to economies in distribution or in production, which tends to found in industries which face increasing returns to scale. If price were set equal to marginal cost, then:

a. price would equal average cost. b. price would exceed average cost. c. price would be below average cost. d. price would be at the profit maximizing level for natural monopoly e. all of the above

An increase in the wage rate will cause

a. increased employment b. a leftward shift in the labor supply curve c. an upward movement along the labor supply curve d. a rightward shift of the labor supply curve e. a leftward shift of the labor demand curve