A decrease in the price of eggs, all other things unchanged, will result in a(n):
A) increase in the demand for eggs.
B) increase in the supply of eggs.
C) greater quantity of eggs supplied.
D) greater quantity of eggs demanded.
Ans: D) greater quantity of eggs demanded.
Economics
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Any point inside a production possibilities curve indicates:
A) unemployment and/or inefficiency. B) that the law of increasing opportunity costs is no longer valid. C) that society doesn't want more of either good. D) that economic growth is no longer possible.
Economics
List and explain the two different approaches used to measure GDP
Economics