If the demand curve increases while the supply curve remains unchanged, the equilibrium price would increase
a. True
b. False
Indicate whether the statement is true or false
True
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Homer has been saving to buy a new car in five years and expects that the car of his dreams will cost $35,000
If the interest rate is 8 percent per year, how much money should Homer have in his bank account today in order to have enough money to buy the car in 5 years? A) $1,852.28 B) $22,055.94 C) $23,820.41 D) $25,726.04
Which of the following is a valid criticism of unregulated monopoly?
a. Monopoly limits the options available to consumers. b. Relative to a competitive market, a monopolist generally will produce too great an output. c. Profit-maximizing monopolists will fail to produce at the lowest possible cost. d. A monopoly's output will often be more than if the market were competitive.
An increase in interest rates by the Federal Reserve is an example of ________ policy.
A. monetary B. structural C. aggregation D. fiscal
How much is the most efficient output for the firm in the graph?
