According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A. market transactions will decrease by 7.
B. market transactions will decrease by 10.
C. market transactions will not change, only price has changed.
D. market transactions will decrease by 3.
Answer: A
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Define what is meant by the period known as the short run
What will be an ideal response?
Which statement is false, given what you know about the local substitution argument?
A. People in the town will buy their clothes with team logos on them, so the economic impact of that buying must be counted as additional money to the city from having the sports team there. Also, people in the town will go to the games and buy tickets, food, and souvenirs, causing the economy of the town to get better. B. People in the town will go to the games and buy tickets, food, and souvenirs, causing the economy of the town to get better. C. People in the town will buy their clothes with team logos on them, so the economic impact of that buying must be counted as additional money to the city from having the sports team there. D. People from out of town will go to the games and buy tickets, food, and souvenirs, causing the economy of the town to get better.
Can you think of explanations beyond those discussed in the text for the relative decline of unionism in the United States?
What will be an ideal response?
Typically a mix of informational and persuasive advertising is used for
A. credence goods. B. search goods. C. credible goods. D. experience goods.