Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. In the long run, Globe could I. make a positive economic profit. II. make zero economic profit. III. incur an economic loss

In considering the relationships between price and quantity demanded, ceteris paribus directs the economist to assume that

A) price increases affect quantity. B) quantity increases affect prices. C) either price nor quantity affect demand. D) all other variables remain unchanged.

NAFTA benefited Canadian consumers because:

a. of higher wages and more travel opportunity. b. of lower wages but also lower taxes. c. of lower prices but lower quality. d. of lower prices and increased variety.