Which of the following will not change the demand for oranges?
A. A change in consumer's incomes
B. A change in the price of grapefruits, a substitute for oranges
C. A change in the price of oranges
D. A change in consumers' taste for oranges
E. An expectation that the price of oranges will increase in the future
C. A change in the price of oranges
Economics
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Which of the following is not assumed constant along the U.S. demand curve for foreign exchange?
a. the exchange rate b. U.S. interest rates c. expected U.S. inflation d. expected foreign inflation e. increase in U.S. income
Economics
Which of the following is not a characteristic of monopolistic competition?
A) There are many buyers and sellers. B) There are low barriers to entry. C) Average revenue is equal to price. D) The products sold by all firms are identical.
Economics