Heartel was the only telecom service provider in Country A until the government decided to allow foreign telecom companies to provide their services in the country. Due to the impact of the new policy, the supply curve for telecom services from Heartel will:
a. become less elastic

Changing reserve requirements is the most important method the Federal Reserve uses to change the supply of money

a. True b. False Indicate whether the statement is true or false

When the demand and supply of a good both shift in the same direction and amount: a. Price will change in the same direction as the shifts in supply and demand

b. Price will change in the opposite same direction as the shifts in supply and demand. change in price and an increase in quantity exchanged. c. Quantity exchanged will change in the same direction as that of the shifts in supply and demand. d. Quantity exchanged will change in the opposite direction from that of the shifts in supply and demand