In a restaurant we can observe people consuming coffee, tea, and juices. All are priced the same. If Ann consumes coffee and Bob consumes a juice, we can conclude that
A. Ann likes coffee more than Bob does, and Bob likes juices more than Ann does.
B. Carl, another restaurant guest, will be drinking tea.
C. the utility Ann receives from coffee consumption equals the utility that Bob receives from consuming juices.
D. Ann derives more utility from coffee than from tea or juices, and Bob derives more utility from juices than from tea or coffee.
Answer: D
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Indicate whether the statement is true or false
Using the data in the table above, if the price of a stapler is $5, then there is ________ of staplers and the quantity of staplers demanded ________ the quantity of staplers supplied
A) a surplus; is greater than B) a surplus; is less than C) a shortage; is greater than D) a shortage; is less than E) neither a surplus nor a shortage; equals
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Refer to the above figure. At Point B, the actual unemployment rate
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