"As the price of apples goes up, the demand for apples goes down." The author of this statement
A) implies that price and demand are unrelated.
B) uses the word "demand" when he should use the word "supply."
C) uses the word "demand" when he should use the words "quantity demanded."
D) implies that demand and price have a direct relationship.
C
Economics
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According to this Application, the decline in population caused by the Black Death resulted in ________ real wages and ________ total output
A) lower; less B) lower; more C) higher; more D) higher; less
Economics
One would expect people who work the night shift to have higher wages than their day-shift counterparts.
Answer the following statement true (T) or false (F)
Economics