The Book Nook reduces prices by 20%. If the dollar value of The Book Nook's sales remain constant, it indicates that:
a. the quantity of books sold remains constant.
b. the demand curve is horizontal
c. the demand curve is vertical.
d. the quantity of books sold increases by 20%.
d
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Many Southern farmers face a choice between planting peanuts or cotton. In 2014, farmers anticipated higher prices for cotton
In the market for peanuts in 2014, there would be ________ in the supply of peanuts, which leads to ________ in the price of peanuts and ________ in the quantity of peanuts. A) a decrease; an increase;a decrease B) an increase; a decrease; a decrease C) a decrease; an increase; an increase D) an increase; an increase; a decrease
In the figure above, a single-price unregulated monopoly sets a price equal to
A) a. B) b. C) c. D) d.
A study by Edward Prescott found that the ________ marginal tax rates in the United States relative to Europe resulted in a ________ quantity of labor supplied in the United States
A) higher; smaller B) lower; smaller C) lower; larger D) higher; larger
On which two factors do the consequences of a merger depend?