At the current market price in the market for smartphones, the quantity of buyers is larger than the quantity of sellers. Given this situation, we can expect the market price of smartphones to:
a) Increase
b) Decrease
c) remain unchanged
a) Increase
Economics
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In the figure above, when 20 units are produced the marginal cost is
A) less than $8. B) $8. C) more than $8 and less than $16. D) None of the above answers is correct.
Economics
The United States tends to export
A) only a narrow range of products such as wheat. B) a wide set of products, primarily manufactured goods. C) very little. D) None of the above.
Economics
Fair outcomes are the result of fair rules defines _____
a. a procedural theory of justice b. a constitutional theory of justice c. justice d. a consensus theory of justice
Economics
Which market structure(s) is(are) considered highly concentrated?
Economics