The law of supply states that price and quantity supplied are
A) inversely related, ceteris paribus.
B) directly related, ceteris paribus.
C) not related.
D) fixed.
B
Economics
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Refer to the below table and information. What will be the equilibrium wage rate?
Suppose a single firm has the marginal revenue product schedule for a particular type of labor given in the left table. Assume there are 150 firms with the same marginal-revenue-product schedules for this particular type of labor.
A. $7
B. $8
C. $9
D. $10
Economics
The supply curve for loans to high-risk borrowers is _________ the supply curve for loans to low-risk borrowers.
A. below B. to the right of C. flatter than D. to the left of
Economics