If resale is easy, then
A) price discrimination won't work, because then only low-priced goods are sold.
B) consumers' demand curves will shift to the low-priced good.
C) firms will stop providing the good.
D) price discrimination results in lower consumer surplus.
A
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A sudden fall in the market demand in a competitive industry leads to
a. A short run market equilibrium price lower than the original equilibrium b. A market equilibrium price lower than the short run price c. New firms entering the market d. All of the above
Intra-industry trade between similar countries produces economic gains because it allows workers and firms to learn and _________ on particular products.
a. innovate b. coordinate c. disseminate d. communicate
Many people who hold bonds
a. think they are poorer than they really are b. end up oversaving because of the paradox of thrift c. end up underconsuming d. mistakenly view the bonds as their personal assets and as the government's liabilities e. believe that the source of the interest they receive is the taxes they don't need to pay
Researcher Indur Goklany has estimated that if traditional technologies, like those used in 1961, were still in use, other things equal, wildlife habitat
a. would be more abundant and far healthier today. b. would have increased, benefiting wildlife substantially. c. would have declined substantially, as the need for farmland would not have declined as it did. d. would have been unaffected.