According to the law of demand, a change in _______ causes a movement along the demand curve.

An increase in income taxes ________ employment and ________ potential gdp.

An increase in productivity will _____.

Jewelry, art, hairstyles and clothing each represent examples of ________.

Price wars are prima facie evidence of _____.

_____ is excludable and _____ is nonexcludable.

Change in total costs resulting from a _____ in output is called Marginal cost

A period over which all production inputs are variable is called

The costs of production that do not require a monetary payment is ______

_______ Costs are the Costs that do not vary with the level of output.

Opportunity costs of production that require a monetary payment is known as