What type of economic conditions are summarized by the variable a?
A) conditions other than changes in capital and labor that change productivity
B) urbanization
C) governmental regulations
D) All of the above
D
Economics
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The above figure shows the market for pizza. Which figure shows the effect of a decrease in the price of a hamburger, which for consumers is a substitute for pizza?
A) Figure A B) Figure B C) Figure D D) Figures B and C
Economics
What is the relationship between the marginal revenue curve and the demand curve for a single-price monopolist?
What will be an ideal response?
Economics