Based on the answer above, the price for laptops _____________ and the quantity supplied for laptops ____________
a. Increase; increase
b. Increase; decrease
c. Decrease; increase
d. Decrease, decrease
b
Economics
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A permanent reduction in international trade barriers would
A) decrease long-run aggregate supply. B) increase long-run aggregate supply. C) decrease aggregate demand. D) increase aggregate demand.
Economics
Long-run average cost is never greater than short-run average cost because in the long run,
A) capital costs equal zero. B) the firm can move to the lowest possible isocost curve. C) wages always increase over time. D) wages always decrease over time.
Economics