A raise in the price of a product causes _____.

A price ceiling creates ________ when it is set ________ the equilibrium price.

Businesses use _____ to develop leadership skills within the company.

Buying an existing business _____.

When the sales price per unit decreases, the breakeven point ________.

When the total fixed costs increase, the breakeven point ________.

Which of the following is considered production in economics?

The book “Value and capital”was written by

The IC analysis explains the demand for inferior goods and solves

The assumption of ----------------- implies that an individual consumer’s preferences are always consistent.

Cardinal utility approach is based on the -------- school of thought.