Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for frozen yogurt. Which panel describes what happens in the market for frozen yogurt when the price of ice cream, a substitute product, increases?

In equilibrium, the expected future spot rate is equal to the:

a. current spot rate. b. current interest rate. c. interest rate spread. d. current forward rate.

The marginal product of labor equals the value of marginal product of labor multiplied by the price of the output produced

Indicate whether the statement is true or false