What is true along the demand curve for a resource?
a. Prices of other resources are assumed constant.
b. The marginal product of that resource remains constant.
c. Total cost of production is assumed constant.
d. The price of that particular resource is assumed constant.
e. The quantity of that particular resource is assumed constant.
A
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The above table shows the distribution of wealth and income in Miseria. Ninety-five percent of the wealth is owned by what percent of the population?
A) 20 percent B) 40 percent C) 60 percent D) 95 percent
If the price of a good increased,
a. It would also increase the quantity exchanged if it was caused by an increase in demand. b. It would also decrease the quantity exchanged if it was caused by an increase in supply. c. We would not know how quantity would change if we didn't know whether it was due a change in demand or a change in supply. d. All of the above would be true.