Refer to Figure 3-4. At a price of $10, how many units will be sold?
A) 200 B) 400 C) 600 D) 800
A
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The interest payment on a bond is called
A) the coupon payment. B) the face value. C) principal. D) the interest rate.
A single parent family has half the potential family income of a two-parent family
Indicate whether the statement is true or false
Assume 300 billion pounds of Ostrich meat is produced per year when the price is 50 cents per pound, and 500 billion pounds when the price is 60 cents per pound. The supply of Ostrich meat, other factors held constant, is:
a. price elastic. b. price inelastic. c. income elastic. d. income inelastic.
The slope of the demand curve for a monopoly firm will have which of the following characteristics?
a. Horizontal and parallel to the x-axis b. Vertical and parallel to the y-axis c. Upward sloping d. Downward sloping