Which of the following may result in a higher equilibrium price for a product?
a. Advertising
b. Expectations
c. Imperfect information
d. All of the above answers are true.
e. None of the above answers a.-c. are true.
d
You might also like to view...
When we believe the best result will come from the decision we have made, we are being:
A. gullible. B. short-sighted. C. rational. D. considerate.
Nominal GDP increases when either or both prices and output increase
Indicate whether the statement is true or false
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Command-and-control approaches to reducing pollution can be criticized on the grounds that they may be all of the following EXCEPT
A. inflexible. B. overly expensive. C. politically unpopular. D. counterproductive.