A ________ curve shows how many units of a good or service consumers are willing to buy at various prices, and a ________ curve shows how many units of a good or service sellers are willing to offer for sale at various prices

Fill in the blank(s) with correct word

demand; supply

Economics

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How do firms and households interact in markets?

What will be an ideal response?

Economics

If marginal revenue is negative then the revenue lost from receiving a lower price on all the units that could have been sold at the original price is smaller than the additional revenue from selling one more unit of the good

Indicate whether the statement is true or false

Economics