Suppose a company trying to increase profits, markets its laptops at a price that is higher than the equilibrium price of laptops in the market. Which of the following is likely to happen as a consequence?
a. The equilibrium price of laptops will increase to the level charged by this brand.
b. There will be an excess supply of this particular brand of laptops in the market.
c. There will be an excess demand for this particular brand of laptops in the market.
d. The equilibrium price of laptops will decrease.
b
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If per capita trash generation is constant over time, this implies that:
A. per capita consumption of solids has also been constant. B. per capita consumption of goods and services has also been constant. C. total consumption of solids has also been constant. D. total consumption of goods and services has also been constant.
The textbook says that which of the following is among the key forces shaping today's economy?
A. Technological change B. Labor unions C. Changing consumer confidence D. Government regulations
Refer to the information provided in Figure 9.5 below to answer the question that follows. 
Figure 9.5Refer to Figure 9.5. From the diagram, existing firms in this industry make ________ economic profits, and as long as this continues, ________.
A. positive; new firms will enter the industry and existing firms will not leave it B. negative; new firms will not enter it and existing firms will leave it C. positive; the industry supply curve will shift to the left D. zero; new firms will not enter it and existing firms will not leave it either
Related to the Economics in Practice on p. 525: If the estate in the Chekhov play Uncle Vanya is earning 2 percent, the interest rate on suitable securities is 5 percent, and the securities are a better risk than the estate, a potential buyer should require the price of the estate be ________ until the equivalent return on the estate is ________.
A. lowered; 5 percent B. lowered; greater than 5 percent C. raised; greater than 5 percent D. raised; 5 percent