Suppose the price of copper and the quantity of copper both rose at the same time. Whatmight be the likely explanation of this using supply and demand analysis?
What will be an ideal response?
The likelihood is that the demand for copper rose. This drove up the price but at the same time it pushed the market up and along the supply curve for copper which induced firms to produce more of it.
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A tax is considered to be independent of: a. investment
b. consumption. c. government spending. d. real GDP. e. the price level.
In the prisoners' dilemma game with Bonnie and Clyde as the players, the likely outcome is
a. a very good outcome for both players. b. a very good outcome for Bonnie, but a bad outcome for Clyde. c. a very good outcome for Clyde, but a bad outcome for Bonnie. d. a bad outcome for both players.
Regulatory capital is the amount of capital financial institutions should hold based on the riskiness of their different assets
Indicate whether the statement is true or false
For a pure monopoly to sell a quantity of 10 units, the price must be $8. Marginal revenue (MR) at this output level will be ________.
A. = $8 B. > $16 C. > $8 and < $16 D. < $8