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True or False
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1
The only factor which influences consumers is price.
A)True
B)False
2
An increase in the number of buyers in a market causes the demand curve to shift to the right.
A)True
B)False
3
Ceteris paribus, buyers want lower prices and sellers want higher prices.
A)True
B)False
4
If jet fuel prices rise, the supply curve in the airline market will shift right.
A)True
B)False
5
If demand shifts right but supply stays the same, the equilibrium price will rise but the equilibrium quantity will fall.
A)True
B)False





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