A quantity restriction leads to a quantity traded ________ the equilibrium quantity.
A. at
B. above
C. below
D. Either at or below is correct.
Answer: D
You might also like to view...
The figure above shows the loanable funds market. The equilibrium real interest rate is ________, and the equilibrium quantity of loanable funds is ________
A) 4 percent; $1.5 trillion B) 4 percent; $2.5 trillion C) 6 percent; $2.0 trillion D) 8 percent; $1.5 trillion E) 0 percent; $3.5 trillion
"If firms in an oligopoly enter into a collusive agreement to operate as a monopoly, the industry produces the most output and if they operate as perfect competitors, the industry produces the least output
" Is the previous statement correct or incorrect? Why?
From 1970 to 1995, American productivity
A. decreased. B. remained the same. C. increased at a slower rate. D. increased at a faster rate.
The Gini coefficient is calculated by measuring the area between:
A. the Lorenz curve and the x-axis. B. the Lorenz curve and the y-axis. C. the line of perfect equality and the Lorenz curve. D. the line of perfect inequality and the Lorenz curve.