According to the above figure, the equilibrium price of DVDs is
A. $20.
B. $10.
C. $6.
D. $14.
Answer: B
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Suppose the U.S. inflation rate falls while the inflation rate among the members of the European Monetary Union (EMU) holds constant. Other things equal, what will happen in the balance of payments accounts?
What will be an ideal response?
If the interest rate is 8% and $1 will be paid to you in 3 years, what is the present value of that dollar (to the nearest tenth of a cent)?
What will be an ideal response?
In the expanded circular flow diagram, the government supplies:
A. goods and services to the product market. B. factors of production to the factor market. C. goods and services to households. D. factors of production to firms.
When floods wiped out the banana crop in Central America, the equili-brium price of bananas ________ and the equilibrium quantity of bananas ________
A. rose; increased B. rose; decreased C. fell; increased D. fell; decreased