If the market clearing price of computer tablets rises from $400 to $600, and the market clearing output decreases from 5 million to 4 million units,
A) demand decreased and supply remained unchanged.
B) supply increased and demand remained unchanged.
C) demand increased and supply remained unchanged.
D) supply decreased and demand remained unchanged.
D
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For infinitely repeated games in which the players follow a tit-for-tat strategy, which one of the following outcomes is NOT possible?
A) The players cooperate with one another until someone decides to not cooperate, and then the other players will not cooperate for some period of time. B) There can be dominant strategies. C) If the information about another player's action is limited, then some cooperative actions may be incorrectly interpretted as "not cooperate." D) All of the above are possible outcomes.
When comparing across countries, the higher the rate of saving
A) the lower the level of per capita real Gross Domestic Product (GDP). B) the higher the level of per capita real Gross Domestic Product (GDP). C) the less industrialized the country. D) the lower the productivity rates.
A monopolist will increase output to the point where MR equals MC and not beyond.
Answer the following statement true (T) or false (F)
According to the text application, renewable energy certificates (RECs)
a. can be issued only by major electric utilities b. are sold only as a bundle with one megawatt-hour of green power c. convey rights to the benefits linked to renewable energyto the REC final owner d. all of the above