The law of demand indicates that as the price of a good increases:
A. suppliers sell less of it.
B. suppliers sell more of it.
C. buyers buy less of it.
D. buyers buy more of it.
Answer: C
Economics
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The ________ the sale of an additional unit of a product is a marginal benefit to the firm
A) total value of B) revenue received from C) sales tax on D) extra cost of
Economics
Refer to the table below. Under a flexible exchange rate system, what will be the rate of exchange for one euro?
The table below shows the supply and demand schedules for the European euro.
A. $0.80
B. $0.90
C. $1.00
D. $1.10
Economics