A Detroit business advertises, “The more we sell, the lower the price, and the lower the price, the more we sell.” This statement implies that the firm is experiencing

Other things remaining the same, which of the following is likely to increase both the wage rate and the number of workers hired in a steel-producing factory?

A) An increase in the opportunity cost of leisure B) A decrease in the opportunity cost of leisure C) The introduction of labor-saving technology in the factory D) The introduction of labor-complementary technology in the factory

As the exchange rate ________, the quantity of dollars ________ in the foreign exchange market ________

A) rises; supplied; increases B) falls; supplied; increases C) rises; demanded; increases D) falls; demanded; decreases