The demand for a resource will increase if the:
A. Price of the resource decreases
B. Supply of the resource decreases
C. Price of the product requiring this resource increases
D. Price of the product requiring this resource decreases
C. Price of the product requiring this resource increases
Economics
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The above figure shows a graph of the market for pizzas in a large town. At a price of $7, there will be
A) excess demand. B) excess supply. C) equilibrium. D) zero demand.
Economics
John Maynard Keynes and his followers argued that the Great Depression was primarily the result of:
a. excessive government spending. b. large budget deficits. c. the perverse monetary policies of the Fed. d. insufficient aggregate spending on goods and services.
Economics