At an equilibrium price, quantity demanded
a. exceeds quantity supplied.
b. equals quantity supplied.
c. is less than quantity supplied.
d. Any of the above is possible.
b
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Direct controls have traditionally been used heavily to control pollution in the United States.
Answer the following statement true (T) or false (F)
If View Your World, a high-end window manufacturer, has contracted with a supplier to produce their glass, this is an example of ________.
A) outsourcing B) forward integration C) backward integration D) a market transaction
Given expectations of future exchange rates, when foreign returns are greater than domestic returns, investors will ___domestic assets, ___domestic currency, ___ foreign currency, and ___ foreign assets.
a. sell; sell; buy; buy b. sell; buy; sell; buy c. buy; sell; buy; sell d. buy; buy; sell; sell
Electric utilities sometimes charge higher prices for electricity used for illumination and lower prices for electricity used for heat. These lower prices for electric heat result primarily from:
A. economies of scale in electric heat generation. B. the existence of good heating substitutes. C. prices for electric heat being set at the socially optimal level. D. strict government regulation of the price charged for electric heat.