A rise in prices of imported resources will cause aggregate:
A. demand to decrease.
B. supply to decrease.
C. supply to increase.
D. demand to increase.
Answer: B
Economics
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A market dominated by a single seller:
a. start-up costs b. merger c. patent d. monopoly e. deregulation
Economics
If the price of garlic is represented by equation P = 25 - QD, then the corresponding quantity of garlic demanded is represented by the equation
A) QD = -25 + P. B) QD = P + 25. C) QD = P - 25. D) QD = 25 - P.
Economics