Author Question: Which of these is a likely consequence of an increase in the price level in the economy, other ... (Read 66 times)

wenmo · **on:** Jun 30, 2018

Which of these is a likely consequence of an increase in the price level in the economy, other things constant?
a. Firms demanding less imported raw materials
b. Government demanding less military hardware
c. Foreigners demanding greater amount of U.S. goods
d. Households demanding more housing and furniture
e. Firms demanding more capital resources

Question 2

For a kinked demand curve, the marginal revenue curve is:
a. positively sloped.
b. a horizontal line.
c. a vertical line.
d. discontinuous.
e. above the demand curve.