A decrease in the price of a good will, all other things unchanged, result in:
A) an increase in demand.
B) an increase in supply.
C) an increase in the quantity demanded.
D) more being supplied.
Ans: C) an increase in the quantity demanded.
Economics
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Which of the following statements is true?
A) Income inequality within most countries has increased during the past 20 years. B) Income inequality across the entire world has decreased during the past 20 years. C) Income inequality within most countries and across the entire world has not changed much during the past 20 years. D) Both A and B are correct. E) None of the above is correct.
Economics
In an increasing-cost industry the long-run supply curve is upward sloping
Indicate whether the statement is true or false
Economics