According to the graph shown, the equilibrium price is ________ and equilibrium quantity is ________.
A. $5; 30
B. $20; 10
C. $10; 20
D. $15; 30
Answer: C
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Suppose that the government of New York state promises to decrease taxes to a firm if it decides to stay in New York instead of moving to another state. This policy on the part of the state constitutes ________, to make the ________ of the firm remaining in New York.
A) an incentive; marginal benefit exceed the marginal cost B) an incentive; marginal cost exceed the marginal benefit C) a command; marginal benefit exceed the marginal cost D) a command; marginal cost exceed the marginal benefit
Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U.S. has been
A) reduced. B) mildly expanded. C) completely eliminated. D) greatly expanded.
Albro Martin (1971) argues that the Interstate Commerce Commission (1887–1995) was captured by its customers, not the railroad industrialists
Other researchers like Gabriel Kolko (1965) highlight the involvement of railroad industrialists in capturing this government agency to serve a cartel role, too. Indicate whether the statement is true or false
The objective of the Fed and the government is to
a. prevent asset bubbles by recognizing them in real time. b. mitigate the consequences of asset bubbles by recognizing them in real time. c. prevent asset bubbles by recognizing bad lending practices. d. mitigate the consequences of asset bubbles by recognizing bad lending practices.