Interlocking directorates are illegal under the ____ whether or not the effect may be to substantially lessen competition.

A bakery can produce either cakes or cookies. If the price of cookies rises, then

A) the supply curve of cake shifts leftward. B) the supply curve of cake shifts rightward. C) there is a movement downward along the supply curve of cakes. D) there is a movement upward along the supply curve of cakes.

The first law of demand states that

a. the quantity demanded increases as price falls b. the quantity demanded decreases as price falls c. the quantity demanded increases as price increases d. none of the above