The above figures show the market for hamburger meat. Which figure(s) shows the effect of a nation-wide strike by butchers and meat-packers?
A) Figure B
B) Figure C
C) Figure D
D) Figures B and C
B
Economics
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If the interest rate rises, then firms' investment spending:
A. falls. B. also rises. C. remains unchanged D. reacts unpredictably.
Economics
The set of income-quantity pairs showing the amount of a good the consumer buys at various levels of income is called
a. a compensated demand curve. b. a budget line. c. an income-elasticity curve. d. an Engel curve.
Economics