An increase in the number of buyers in the market for LED TVs would cause the market demand curve for LED TVs to:
A) shift right.
B) shift left.
C) stay the same because market demand doesn't depend on the number of buyers.
D) shift left or right depending on whether the new buyers purchase more or less than existing customers at each price.
A
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If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58% B) 2.56% C) 7.69% D) 7.74%
In all cases, microeconomics deals with
A) what is. B) what should be. C) relatively small units in the economy. D) the entire economy.
Using exchange rates, it is possible to price-compare in different nations. If an iPod costs $90 in the United States and €45 in France, in which nation would you get the better deal when the dollar-euro exchange rate is $2/€?
a. The iPod would be cheaper in France. b. The iPod would be cheaper in the United States. c. The iPod would cost the same in both countries. d. From the information provided, it is impossible to answer this question.
In the long run, the price level is determined by aggregate supply.
a. true b. false