Which of the following is an accurate example of what an individual demand curve shows?
a. Dave’s demand for blue jeans will increase as the price of blue jeans drops.
b. As the overall price of goods in the United States increases, the demand for goods decreases.
c. When the demand for KDF sneakers decreased, the company tried a new design.
d. Chicago’s legal firms raised their fees, causing the number of law firms to increase.
a. Dave’s demand for blue jeans will increase as the price of blue jeans drops.
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A market has ten firms, whose market shares are given in the table above
a) If firms I and J wanted to merge, according to the Department of Justice guidelines, would the Department of Justice challenge the merger? b) If firms A and B wanted to merge, according to the Department of Justice guidelines, would the Department of Justice challenge the merger?
Refer to Figure 9-3. What is the area of domestic producer surplus without a quota?
A) A + B + C B) C C) A + B + C + D D) C + B
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its excess reserve balance will be:
a. $0. b. $90. c. $100. d. $900. e. $910.
Which of the following will not cause an increase in U.S. gross exports?
A. An increase in foreign business investment. B. A decrease in U.S. imports. C. An increase in foreign consumer income. D. An increase in foreign wealth.