A supply curve slopes upwards because
a. the higher the price the lower the quantity that the sellers are willing to supply
b. the higher the price the higher the quantity that the sellers are willing to supply
c. the quantity supplied in insensitive to price
d. an increase in price brings the quantity sold down to zero
b
Economics
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The unregulated, single-price monopolist illustrated in the figure above has a total revenue of
A) $8.00 per day. B) $16.00 per day. C) $36.00 per day. D) $40.00 per day.
Economics
Suppose the price level is 115.00 at the end of 2020, 112.02 at the end of 2021, and 109.08 at the end of 2022 . Can we accurately describe the period 2021-2022 as a period of disinflation?
Economics