Retail stores that dedicate one or more aisles to "seasonal" items are engaging in ________

A) just-in-time production
B) production smoothing
C) work in process
D) first degree price discrimination

A

Economics

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Ritzland produces only one good. 10,000 units of the good were produced in Ritzland during a certain year and were sold at $42 per unit. The price of each unit of the good two years back was $37

i) Find the real and nominal GDP of Ritzland taking $37 as the base price. ii) Calculate the GDP deflator for Ritzland for the year in question.

Economics

When the demand for a good decreases, its equilibrium price ________ and equilibrium quantity ________

A) falls; increases B) falls; does not change C) rises; decreases D) rises; increases E) falls; decreases

Economics