The law of supply states that, other things remaining the same,
A) demand increases when supply increases.
B) if the price of a good increases, firms buy less of it.
C) if the price of a good increases, the quantity supplied increases.
D) as people's income increase, the supply of goods increases.
E) if the price of a good increases, the supply increases.
C
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When buying a car from a commission salesman you improve your bargaining position by
a. shopping when the new model year cars have just arrived b. shopping when the showroom is full of customers c. shopping when the car lot has few cars left unsold d. shopping toward the end of the month
A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time spent in the store B) the cost of a bus ticket to get to the store C) the value of the consumer's time getting to and from the store D) the value of the time the consumer's spends reading advertisements from the store