This table shows the demand and supply schedule of a good.
According to the table shown, the equilibrium in this market will occur at:
A. a price of $1.50 and a quantity of 62.
B. a price of $1.50 and a quantity of 31.
C. a price of $0.00 and a quantity of 75.
D. Cannot be determined without more information
B. a price of $1.50 and a quantity of 31.
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In the absence of a financial system, the two-period model without taxes predicts that
A) consumption is more volatile that output. B) consumption is as volatile as output. C) consumption is less volatile than output. D) We do not know.
The earliest type of exchange involved _____
a. coins b. barter c. commodity money d. fiduciary money e. fiat money
A merger between two firms that have a supplier-purchaser relationship is:
a. horizontal. b. vertical. c. conglomerate. d. illegal. e. inefficient.
Supply-siders' policy recommendations include:
a. lower tax rates, spending cuts, and increased government regulation. b. lower tax rates, lower resource prices, and decreased government regulation. c. lower tax rates, spending increases, and decreased government regulation. d. lower tax rates, spending increases, and increased government regulation. e. higher tax rates, spending cuts, and decreased government regulation.