If the price of margarine rises substantially, the equili...
If the price of margarine rises substantially, the equilibrium price and quantity of butter demand will
Decrease
Increase
Remain constant
Fluctuate
Be inelastic
Correct answer is B
No explanation has been provided for this answer.
In the circular flow of income model, the outflow variables represent ...
Population growth can be calculated as ...
Both in the short run and in the long run, a firm maximizes its profits when ...
In a capitalist system, the means of production is owned and controlled by ...
The movement of labour from one grade to an entirely different grade is an example of ...
Inflation caused by increase in demand can be curbed by ...
As the level of output increases, the average fixed cost of a firm will ...