Referring to Table 4.1, Box A should be filled with 
A. $200.
B. $0.
C. $10.
D. $100.
Answer: D
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A popular entertainer gives a concert in a 50,000 seat stadium. To give her fans a break, she charges only $50 a seat instead of the customary $75 a seat
At $75 a ticket, there would have been 50,000 tickets sold, and at $50, there are 80,000 people who want tickets. As a consequence of the generosity of the entertainer A) her fans are made better off. B) a more fair system of pricing the tickets has been found. C) another type of system will have to be found to allocate the tickets, making some of her fans better off and others worse off. D) her fans are made worse off since there is an excess demand of 30,000 tickets.
Assuming that the demand for a good has increased and the supply of a good has decreased by the same amount, then: a. The change in price is determinate but the change in quantity is indeterminate. b. The change in quantity is determinate but the change in price is indeterminate. c. Both the change in price and the change in quantity will be indeterminate
d. Neither the change in price nor the change in quantity will be indeterminate.
If investment spending depends on GDP, this is called induced investment
a. True b. False Indicate whether the statement is true or false
According to the textbook application, the Chesapeake Bay
a. has been deteriorating for decades b. is the largest estuary in North America c. has been addressed by a recent presidential executive order d. all of the above e. none of the above