The law of demand states that, ceteris paribus, price and quantity demanded are:

As the economy nears the end of an expansion, interest rates usually ________ and wages rise more ________ than prices

A) fall; rapidly B) fall; slowly C) rise; slowly D) rise; rapidly

Black-market prices are below equilibrium prices because sellers want to sell large quantities

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