Using the data in the table above, the equilibrium quantity and equilibrium price for a cellular telephone are
A) 50,000 and $100.
B) 80,000 and $80.
C) 60,000 and $50.
D) 100,000 and $20.
E) 40,000 and $20.
C
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Fluctuations in the relative demand for stock market mutual funds versus money-market mutual funds causes instability in the overall demand for
A) M1 but not M2. B) M2 but not M1. C) M2 and M1. D) neither M1 nor M2.
Suppose that India has a government budget surplus, and then goes into deficit. This change would
a. increase India's national saving and shift its supply of loanable funds left. b. increase India's national saving and shift its demand for loanable funds right. c. decrease India's national saving and shift its supply of loanable funds left. d. decrease India's national saving and shift its demand for loanable funds right.
Suppose two firms produce close substitutes such that reducing the price of one product reduces the quantity demanded of the other. If those two firms merge:
A. they can earn higher profits by continuing to sell both products if the profit gained from increased sales of one product are greater than the lost profits from reduced sales of the other product. B. they will eliminate the less profitable product and sell only one. C. they will raise prices on both products. D. they will be unable to earn higher profits because the two products will compete against each other.
Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow.
Figure 2.1Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more capital goods
A. only with additional resources. B. without sacrificing any consumer goods. C. only by sacrificing some consumer goods. D. only with technological improvements.