When price is $6
A. there is a surplus.
B. there is a shortage.
C. there is both a surplus and a shortage.
D. there is neither a surplus nor a shortage.
D. there is neither a surplus nor a shortage.
You might also like to view...
In the United States, income taxes are ________
A) regressive B) progressive C) proportional D) marginal
In a country with floating exchange rates and high capital mobility, an increase in government spending will be
A) less effective than with low capital mobility. B) highly effective. C) not effective at all. D) harmful to the growth of real incomes.
When the feedback effects from income to the money market are included,
a. a given change in the money supply will cause a smaller change in the quantity of money demanded. b. a given change in the money supply will cause a larger change in the interest rate c. given change in the money supply will cause no change in the interest rate d. a given change in the money supply will cause a smaller change in the interest rate e. a given change in the money supply will cause a larger change in the quantity of money demanded.
Taken together, iPod and iTunes are ________.
A) substitute goods B) complementary goods C) competitive goods D) monopolistic goods E) intangible goods