In the above figure, the curve that represents the most income equality is
A) a.
B) b.
C) c.
D) d.
A
Economics
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What are the arguments in favor of the redistribution of income?
What will be an ideal response?
Economics
A cafeteria is willing to produce 100 cups of coffee when the price is $1 and 150 cups of coffee when the price is $1.30, other things being equal. The price elasticity of supply of coffee is
A) 1.53. B) 0.67. C) 0.10. D) 0.50.
Economics
Suppose quantity demanded is given by Qd = 100 - P, and quantity supplied is given by Qs = 20 + 3P. In this case, equilibrium price, P*, and equilibrium quantity, Q*, are as follows:
A. P*= 40, Q*= 140 B. P*= 80, Q*= 20 C. P*= 10, Q*= 90 D. P*= 20, Q*= 80
Economics
Monopolistically competitive firms have ________ market power due to producing differentiated products.
A. complete B. unlimited C. no D. some
Economics