The market demand schedule or curve for a product shows the relationship between how much of the product buyers are willing and able to buy and the:
A. Product's price
B. Buyers' incomes
C. Cost of producing the product
D. Time period, say, from one month to the next
Answer: A
Economics
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What will be an ideal response?
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Majority-rule voting, special-interest group effects, rational voter ignorance, bureaucratic inefficiency, and the shortsightedness effect
A. reflect irrational behavior by the general population. B. are public choice theories that explain why the public sector might fail to achieve efficient policies. C. explain why democratic societies need elected officials. D. are the causes of efficient public policy decisions.
Economics