An increase in quantity supplied can be caused by a(n)
a. decrease in quantity demanded
b. rise in resource input prices
c. increase in price
d. decrease in the number of firms in the market
e. tax levied on the producer
C
Economics
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Price elasticity of demand is defined as: a. the slope of the demand curve
b. the slope of the demand curve divided by the price. c. the percentage change in price divided by the percentage change in quantity demanded. d. the percentage change in quantity demanded divided by the percentage change in price.
Economics
The sum of the current account, the capital account, and the official reserve transaction account is
A) always positive. B) always negative. C) positive when exports are greater than imports. D) zero.
Economics