If prices are flexible, what

  1. The classical model assumes that wages and pricesA. are flexible in the long run but not in the short run. B. are always
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  2. If prices are flexible, what occurs when there is a surplus of widgets? If prices are flexible, what occurs if there is a
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  3. The CPI measures which prices?a. Prices suppliers must pay. b. Prices consumers pay. c. Domestic prices measured in another
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  4. What is the usual effect of increased competition on prices?A. prices decrease B. prices increase C. prices destabilize D.
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  5. which is true of how the market sets prices?a. Prices are set by the expected sales. b. Prices are set by how much consumers
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  6. Which is true of how the market sets prices?A:Prices are set by the expected sales. B:Prices are set by how much consumers will
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  7. Why is loosely bonded cast iron considered good to cook with, but not good for building?(1 point) Responses It is not flexible
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  8. What is a flexible budget? What are the steps to developing a flexible budget? What information is found on a flexible budget
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  9. Which of the following is not one of the four major assumptions of the classical​ model?A. People suffer from money illusion.
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  10. How would mass production affect prices?* 1 point It lowers prices. It raises prices. It has no effect on prices.
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