In the figure above, a decrease in the quantity of oil supplied but NOT a decrease in the supply of oil is shown by a movement from
A) point a to point e.
B) point a to point b.
C) point a to point c.
D) point a to point d.
C
Economics
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If a trader is short in the cash market, she has the capability to deliver a commodity
a. true b. false
Economics
If at a price of $50, Ghani sells 20 hand-made leather cell-phone covers but at a price of $60, zero units are sold. Based on this information, the demand for his cell-phone covers is
A) elastic or perfectly elastic. B) unit elastic. C) perfectly inelastic. D) elastic or perfectly inelastic.
Economics