According to the Application, one factor which was responsible for roughly one-third of hybrid vehicles purchased in 2007 was an increase in the price of gasoline
The increase in sales due to higher gasoline prices describes the economic concept of
A) marginal thinking. B) rational self interest.
C) using assumptions to simplify. D) ceteris paribus.
B
Economics
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Explain how the wealth effect can affect aggregate demand
What will be an ideal response?
Economics
Macroeconomics includes the study of
A) economic growth, the unemployment rate, and inflation. B) product demand, product supply, and profit maximization. C) industry sales, corporate growth, and home prices. D) decisions made by individuals, businesses, and governments.
Economics