If the price per bushel of apples increased from $7.00 to $8.00 because of a poor harvest, the
A) demand for apples decreases.
B) quantity of apples demanded decreases.
C) quantity of apples supplied decreases.
D) Both answers A and B are correct.
B
Economics
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During the crisis of 2008 housing prices ________ and stock prices ________. (Fill in the blank)
a. rose sharply; fell sharply b. fell sharply; rose sharply c. fell sharply; fell sharply d. rose sharply; rose sharply
Economics
Robert must always have sugar in his coffee. For Robert, the cross price elasticity of demand for coffee and sugar is
A) equal to 0. B) negative. C) positive. D) impossible to determine without more information.
Economics