If people's incomes decrease, their demand for other currencies shifts to the right

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

False

Economics

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The cost of producing aspirin increases simultaneously as doctors find that one aspirin per day reduces the risk of heart attacks. The supply of aspirin ________ and the demand for aspirin ________ so that the equilibrium price of aspirin ________

A) increases; increases; rises B) decreases; increases; rises C) increases; decreases; might rise, fall, or stay the same D) decreases; increases; might rise, fall, or stay the same

Economics

The deadweight loss represent the sum of added consumer and producer surplus if the firm would produce the quantity where P = MC

Indicate whether the statement is true or false

Economics