Suppose the price of coffee falls. Other things constant, what will not happen?
A) People will consume more coffee.
B) People will consume more cream.
C) The demand for coffee will rise.
D) The demand for cream will fall.
E) More people will now consider drinking bottled water.
C
Economics
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Which adjustment(s) must be made to convert net domestic product to GDP? i. add indirect taxes ii. subtract subsidies iii. add depreciation
A) i and iii only B) i, ii and iii C) ii only D) iii only E) i and ii
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If the Chinese currency devalues compared to the US dollar, then
a. US producers will benefit; Chinese consumers will benefit b. US producers will benefit; Chinese consumers will hurt c. US producers will hurt; Chinese consumers will benefit d. US producers will hurt; Chinese consumers will hurt
Economics