The higher the price of medical care in general, the lower the ____________________________ medical care and the ______________________ specific items that make up medical care (such as, x-rays)
A) quantity demanded of; higher the demand for
B) demand for; higher the demand for
C) quantity demanded of; lower the demand for
D) demand for; higher the quantity demanded of
C
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How does a firm measure its profit?
What will be an ideal response?
The P/E ratio, or price to earnings ratio of a stock, can be computed using which of the following formulas?
A. (Price of stock share) ÷ (Earnings per share). B. (Earnings per share) ÷ (Price of stock share). C. (Price of stock share) ÷ (Revenue per share). D. (Revenue per share) ÷ (Price of stock share).
In 2012 a country had a real GDP $15.4 trillion and GDP deflator of 125 . If that country's GDP deflator equals 115 in 2013, what is the rate of inflation in 2013?
Refer to the accompanying figure. Suppose this demand curve shows the demand for lattes at a single coffee shop that charges $2.00 for a latte. If the manager wants to increase total revenue, what should the manager do?
A. Increase the price from $2.00 to $2.50. B. Reduce the price from $2.00 to $1.75. C. Reduce the price from $2.00 to $1.00. D. Increase the price from $2.00 to $3.00.