The Law of Supply states
A) that supply curves slope upward.
B) that supply curves can be vertical or horizontal.
C) Both A and B.
D) None of the above.
D
Economics
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The business cycle occurs because aggregate demand and aggregate supply change at uneven rates
Indicate whether the statement is true or false
Economics
Which of the following is the best example of a monopolistically competitive market?
A) The wheat market. B) The electricity market. C) The restaurant market. D) The market for automobiles.
Economics