Author Question: According to your textbook, the notion of price gouging is problematic because A) the higher ... (Read 55 times)

kamilo84 · **on:** Jun 29, 2018

According to your textbook, the notion of price gouging is problematic because

A) the higher prices are normally the result of decreases in supply and increases in demand.
B) economists believe higher prices are always better than lower prices.
C) economists want businesses to make high profits.
D) None of the above.

Question 2

If the government increases unemployment benefits, then the labor

A) demand curve shifts rightward.
B) demand curve shifts leftward.
C) supply curve shifts rightward.
D) supply curve shifts leftward.
E) Both answers B and D are correct.