Use the following graph of the demand for electric cars to answer the question below.
Refer to the three demand curves for electric cars. Which of the following would shift the demand for electric cars from D1 to D3?
A. an increase in the price of electric cars
B. a decrease in the price of electric cars
C. a decrease in the price of gasoline
D. an increase in the price of gasoline
Answer: C
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Use the figure above to answer this question. At a price level of 110
A) real GDP is greater than the aggregate quantity demanded and firms will cut production. B) real GDP is less than the aggregate quantity demanded and firms will increase production. C) inventories will decrease. D) real GDP less than the aggregate quantity demanded and firms will increase prices.
A monopolist that charges different prices to different buyers based on their elasticizes of demand is practicing
a. first degree price discrimination. b. second degree price discrimination. c. third degree price discrimination. d. predatory pricing.
Suppose the city of Des Moines has a high credit rating, and so when Des Moines borrows funds by selling bonds,
a. the city's high credit rating and the tax status of municipal bonds both contribute to a lower interest rate than would otherwise apply. b. the city's high credit rating and the tax status of municipal bonds both contribute to a higher interest rate than would otherwise apply. c. the city's high credit rating contributes to a lower interest rate than would otherwise apply, while the tax status of municipal bonds contributes to a higher interest rate than would otherwise apply. d. the city's high credit rating contributes to a higher interest rate than would otherwise apply, while the tax status of municipal bonds contributes to a lower interest rate than would otherwise apply.
Wages are the major element of cost in the economy accounting for about 70 percent of all input costs.
Answer the following statement true (T) or false (F)