If the quantity of gasoline supplied currently exceeds the quantity demanded,
A) there is a surplus of gasoline.
B) gasoline is no longer a scarce good.
C) the price of gasoline would tend to remain unchanged.
D) all of the above are true.
E) none of the above is true.
A
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The price to attend a NBA basketball game in Chicago is $55 while the CPI in Chicago is 153. The CPI in Charlotte is 108 while the price to attend a NBA basketball game is $52
Which city offers a smaller real cost of attending a NBA basketball game?
What is consumer equilibrium? How is it achieved?
Please provide the best answer for the statement.
Refer to the data provided in Table 11.3 below to answer the following question(s). Table 11.3ProjectTotal InvestmentExpected Rate of Return(dollars) (percentage)New computer for sales staff $250,00011Remodel for distribution center$200,000 9On-site day care center $100,000 5Employee fitness center$50,000 4Refer to Table 11.3. If the interest rate is 12.5%, Blackstar Drone Manufacturing's total investment would be
A. $0. B. $50,000. C. $250,000. D. $550,000.
Consider the market for cable television, a natural monopoly, shown in the figure above. If the regulator imposes an average cost pricing rule, deadweight loss is equal to
A) $5 million. B) $0 million. C) more than $10 million and less than $20 million.. D) $20 million or more.