A move from D1 to D2 is a(n): _____.
A. an increase in quantity demanded
B. a decrease in quantity demanded
C. an increase in demand
D. a decrease in demand
C. an increase in demand
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When Ethan continues his education beyond high school, he is increasing his
A) human capital. B) capital. C) wage rate. D) rent. E) quantity of labor.
Adverse weather conditions in Florida and other citrus-producing regions destroy a substantial portion of this year's crop of oranges. Other things being equal, the resulting decrease in supply is likely to
a. increase the price of oranges and decrease the quantity demanded. b. increase the price of oranges, but have no effect on the quantity demanded. c. decrease the price of oranges and increase the quantity demanded. d. decrease the price of oranges, but have no effect on the quantity demanded.
In Figure 12.6, airline Fly Smart is initially a secure monopoly between two cities X and Y at point M, serving 300 passengers per day at the profit maximizing price of $300 per ticket. What is Fly Smart's profit per ticket?
A. $200 B. $120 C. $80 D. $0
Most employees ________ on the value of health insurance provided by employers, and most people ________ when buying individual health insurance policies
A) pay taxes; get a tax break B) pay taxes; do not get a tax break C) do not pay taxes; get a tax break D) do not pay taxes ; do not get a tax break