Holding demand constant, a reduction in supply leads to
A) lower prices and higher quantity demanded.
B) lower prices and lower quantity demanded.
C) higher prices and higher quantity demanded.
D) higher prices and lower quantity demanded.
D
Economics
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Refer to Table 10-2. Using the table above, what is the approximate growth rate of real GDP from 2014 to 2015?
A) 1% B) 2% C) 3% D) 4%
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The indifference principle states that
a. If an asset is mobile, then in the long run, it will be indifferent about where it is used b. In the long run, a mobile asset will make the same profit, no matter where it goes c. If an asset is mobile, then in the long run, it would stay with the first user d. Only A&B
Economics