Jewelers are willing to hold large inventories of diamonds
a. because the demand for diamonds is large and growing
b. because that minimizes the fixed cost of producing diamond jewelry
c. because, given monopoly control of the market for diamonds, they are confident that the price of diamonds will not plummet rapidly
d. because, given monopoly control of the market for diamonds, they are confident that the price of diamonds will rise rapidly
e. because that is what their customers expect them to do
C
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If the number of employed workers in an economy is 4 million, the number of unemployed people in the economy is 2 million, and the number of adults not in the labor force is 1 million, the potential adult workers in the economy is:
A) 2 million. B) 6 million. C) 1 million. D) 7 million.
Explain why the demand for domestic goods curve (ZZ) has a different shape than the domestic demand curve (DD)
What will be an ideal response?