If Dell and Toshiba computers are substitutes and the price of dell computers increases we would expect to see
a. An increase in demand for Toshiba computers
b. An decrease in demand for Toshiba computers
c. An increase in the quantity of Toshiba computers demanded
d. An decrease in the quantity of Toshiba computers demanded
a
Economics
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The fundamental identity of national income accounting implies ________
A) Expenditure = Production + Income B) Expenditure = Production = Income C) Income = Expenditure - Production D) Income = Expenditure / Production E) None of the above
Economics
At a price of $20 each, the demand for t-shirts from a group's fundraising activity is unit elastic. Thus, the group's total revenue from selling t-shirts ________ at a price of $20 each.
A. will equal $0 B. will equal $1 C. reaches its minimum D. reaches its maximum
Economics