In moving along a supply curve, which of the following is not held constant?
A. The number of firms producing this good.
B. Expectations about the future price of the product.
C. Techniques used in producing this product.
D. The price of the product for which the supply curve is relevant.
Answer: D
Economics
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Refer to the graph below. There are diseconomies of scale:
A. From Q1 to Q2
B. From Q2 to Q3
C. From Q3 to Q4
D. After Q4
Economics
In both the Keynesian and classical economic systems, the economy is always tending towards _____.
Fill in the blank(s) with the appropriate word(s).
Economics