All else equal, if oil prices decrease, annual oil consumption will ________ and the years it will take to deplete the stock of oil will most likely ________
A) decrease; increase.
B) decrease; decrease
C) increase; increase
D) increase; decrease
D
Economics
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The market demand curve for a public good
a. is the horizontal sum of all individual demand curves b. is the vertical sum of all individual demand curves. c. is upward sloping d. is horizontal e. does not exist
Economics
Which of the following is not a determinant of supply?
a. input prices b. technology c. tastes d. expectations
Economics