Suppose the equilibrium price of a tube of toothpaste is $2, and the government imposes a price floor of $3 per tube. As a result of the price floor, the

a. demand curve for toothpaste shifts to the left.
b. supply curve for toothpaste shifts to the right.
c. quantity demanded of toothpaste decreases, and the quantity of toothpaste that firms want to supply increases.
d. quantity supplied of toothpaste stays the same.


c

Economics

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Consider a world with three income earners. Individual A earns $20,000 and pays $1,000 in taxes. Individual B earns $50,000 and pays $5,000 in taxes. Individual C earns $100,000 and pays $2,000 in taxes

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A manufacturing company is sampled from a population of manufacturing companies, and then the data on at least two employees are recorded. This is an example of:

A. ?matched pair samples. B. ?random samples. C. ?cluster samples. D. ?nonrandom samples.

Economics

Google and Yahoo internet search engines are examples of:

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Economics