The equilibrium price and quantity in Figure 3.2 are, respectively,
Figure 3.2 Supply and Demand
A. $12 and 40 units.
B. $12 and 20 units.
C. $9 and 30 units.
D. $6 and 20 units.
Answer: C
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If Pepsi decided to raise its price, you would expect the price of Coca Cola
A) to fall. B) to raise. C) Their prices should have no relationship because Pepsi and Coca Cola are not related. D) None of the above answers are correct.
The primary international reserve asset is foreign currency, mainly _____
a. Japanese yen b. eurobonds c. ringgit d. U.S. dollars e. Chinese yuan
Which of the following is included in GDP?
a. life expectancy b. literacy c. health d. infant mortality
Only two exchange rate regimes can be considered hard pegs. These are:
A. flexible exchange rates and currency boards. B. dollarization and managed floating. C. currency boards and dollarization. D. the gold standard and inflation targeting.