When the demand for CDs rises, buyers will purchase more CDs at
A. all prices.
B. some prices.
C. no prices.
A. all prices.
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Higher real income ________ the demand for money and a higher price level ________ the demand for money.
A. increases; increases B. decreases; decreases C. increases; decreases D. decreases; increases
In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm total cost is
A) $100. B) $70. C) $30. D) $130.
(Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. In which year(s) did the country experience deflation?
What will be an ideal response?
You have just won a ticket to see John Mayer in concert this Saturday evening. Nevertheless, it would cost you around $20 in transportation costs to go to the concert since you would have to drive to the neighboring city (where the concert is taking place). Tickets for the concert are selling for $100 in your town. Assuming you only work Monday-Fridays, the cost of going to the concert is:
A. $0 B. $80 C. $120 D. $100