The two basic markets shown by the simple circular flow model are
product and resource.
The table below represents the demand for bottles of sunscreen at
Daytona Beach on a sunny June day.
Demand for Sunscreen
If the price of a bottle of sunscreen is $8, what will be the quantity
Pam sees that the price of bananas has risen in the grocery store. All
else equal, she decides to buy more tangerines than she normally
purchases. From the information given, you might conclude that: