The above figure shows a graph of the market for pizzas in a large town. At a price of $10, there will be
A) no pizzas supplied.
B) equilibrium.
C) excess supply.
D) excess demand.
C
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Refer to the scenario above. Alice will earn an expected surplus of ________ if she uses her optimal strategy to win the game
A) $5,000 B) $6,000 C) $30,000 D) $16,000
Union activity in late 19th and early 20th centuries in the United States
a. was largely apolitical at the national level. b. was the impetus for several national parties. c. relied heavily on help from the federal government. d. None of the above is correct.
You have two bonds, both with a face value of $7,000 . One of them matures one year from today, while the other matures one year after that. If the interest rate is 8 percent (0.08) per year, what is the difference in value between the two bonds?
a. $480.11 b. $578.52 c. $317.46 d. zero e. $925.92
If the United States imposes tariffs on lumber imported from Canada, making lumber more expensive, what will happen to the price of new homes in the U.S. assuming lumber is a major input in the construction of new homes?
A. There is no way to know B. the price will decrease C. The price will increase