The firm's break-even point occurs at an output of
A. 40.
B. 45.
C. 50.
D. 55.
C. 50.
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As the price level falls, buyers require less money for their purchases and the demand for money falls. A decrease in the demand for money will cause business investment to increase. This is called the _____
a. interest rate effect b. exchange rate effect c. wealth effect d. accelerator effect
At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says that Marta's demand for books has decreased. Is Luz correct?
A) Yes, Luz is correct. B) No, Luz is incorrect. Marta's demand has increased. C) No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same. D) No, Luz is incorrect. Marta's quantity demanded has increased, but her demand has stayed the same. E) No, Luz is incorrect. Marta's quantity demanded has decreased and her demand has increased.