Other things being constant, the only way to move along a given supply curve for a product is for
A) the product's relative price to change.
B) the future relative price of related goods to change.
C) the number of sellers to change.
D) technological changes to occur.
Answer: A
Economics
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The law of demand implies, holding everything else constant, that as the price of bagels increases
A) the demand for bagels will decrease. B) the demand for bagels will increase. C) the quantity of bagels demanded will increase. D) the quantity of bagels demanded will decrease.
Economics
How might Gap take advantage of economies of scale by combining concept stores into one store?
What will be an ideal response?
Economics