In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by:
A. an increase in the cost of making donuts.
B. an increase in the price of coffee.
C. consumers expecting donut prices to fall.
D. a change in buyer tastes.
Answer: D
Economics
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Refer to Table 14-1. What is the Nash equilibrium in this game?
A) Star Connections increases its advertising budget, but Godrickporter does not. B) There is no Nash equilibrium. C) Both Godrickporter and Star Connections increase their advertising budgets. D) Godrickporter increases its advertising budget, but Star Connections does not.
Economics
Most markets in the economy are highly competitive
a. True b. False Indicate whether the statement is true or false
Economics