According to the law of demand, if the price of movie rentals decreases, ceteris paribus,:
a. the demand for movie rentals would increase.
b. the quantity demanded of movie rentals would decrease.
c. the quantity demanded of movie rentals would increase.
d. the demand for movie rentals would decrease.
e. the quantity demanded of movie rentals would not change.
Question 2
The law of increasing opportunity costs implies that a society's production possibilities curve will be a straight line.
a. True
b. False
Indicate whether the statement is true or false
An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
The population of Asia increases rapidly, the demand for food and water is also growing
The growth in demand for energy use is met by burning fossil fuels
China has relied on cheap coal to meet its demand for energy
Movie Inside Out
The original Supply and Demand graph