A、上海、嘉兴
B、上海、天津
C、北京、上海
D、北京、广州
A、those who buy the good or service.
B、the government.
C、those who sell the good or service.
D、both those who buy and those who sell the good or service.
A、an auctioneer helps set prices and arrange sales.
B、there are only a few sellers.
C、the forces of supply and demand do not apply.
D、no individual buyer or seller has any significant impact on the market price.
A、ice cream
B、soybeans
C、cable television
D、new houses
A、increase in demand.
B、decrease in demand.
C、decrease in quantity demanded.
D、increase in quantity demanded.
A、When buyers’ tastes for a good increase, they purchase more of the good.
B、When income levels increase, buyers purchase more of most goods.
C、When the price of a good decreases, buyers purchase more of the good.
D、When buyers’ demands for a good increase, the price of the good increases.
A、a decrease in the price of mp3 players
B、a fad that makes mp3 players more popular among 12-25 year olds
C、an increase in the price of digital music downloads, a complement for mp3 players
D、a decrease in the price of satellite radio, a substitute for mp3 players
A、a decrease in the price of gasoline
B、an increase in consumer income, assuming gasoline is a normal good
C、an increase in the price of cars, a complement for gasoline
D、a decrease in the expected future price of gasoline
A、a decrease in the price of toast
B、a decrease in the price of butter
C、an increase in the price of butter
D、Both a) and b) are correct.
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