Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, if the market quantity supplied is 350, the price must be
A) $10. B) $20. C) $30. D) $40.
D
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Which is the most likely effect upon the market for cotton of a significant improvement in the quality of synthetic textiles?
A) A decrease in demand and hence a decrease in both the price of cotton and the quantity exchanged. B) A decrease in demand and hence a decrease in the price of cotton and an increase in the quantity exchanged. C) A decrease in demand and hence an increase in the price of cotton and a decrease in the quantity exchanged. D) A decrease in both demand and supply and hence a decline in the quantity exchanged but no predictable change in the price of cotton.
Define an M-form organization and discuss its advantages over a U-form organization
As the capital stock reduces , we would expect the long-run aggregate supply curve to
A. shift right. B. remain the same. C. shift left. D. first shift right, then shift left.
During a period of expansionary monetary policy
A. the price level is decreased, which leads to a decrease in the money supply. B. the price level is increased, which leads to an increase in the money supply. C. the rate of growth of the money supply is increased, leading to an increase in the price level. D. the rate of growth of the money supply is reduced, leading to a decrease in the price level.