If the firm in the figure above is unregulated, it will charge a price of
A) $5 per unit.
B) $25 per unit.
C) $40 per unit.
D) $20 per unit.
B
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Used cars in Poorland sold for about 20% less than new cars of the same model manufactured in the same year. However, price differences were reduced when certified used-car dealers entered into the market for used cars in Poorland
What explains this phenomenon?
The domestic currency is said to be ________ if it has appreciated at a lower rate than the difference between the domestic inflation rate and the higher foreign inflation rate
A) undervalued B) overvalued C) appreciated D) risky
An increase in rent would
A. increase the demand for land. B. decrease the demand for land. C. decrease the supply of land. D. None of the choices are correct.
A measurement showing how the average price of a bundle of goods changes over time is a
A. nominal price. B. real price. C. price index. D. sticky price.