Teenagers drink more soda than other age groups. If the number of teenagers increases, everything else remaining the same,
A) market demand for soda does not change.
B) market demand for soda increases.
C) there is a movement along the market demand curve for soda.
D) market demand for soda decreases.
E) None of the above answers is correct because the effect on the demand depends whether the supply curve shifts rightward, leftward, or not at all.
B
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According to Keynes,
A) prices decline as inventories increase. B) prices increase as inventories increase. C) prices decrease as inventories decrease. D) prices are sticky and will probably not respond to a change in inventories.
The asset demand for money is
A) greater at high interest rates as investors can earn more on their investments. B) greater at low interest rates, because the opportunity cost of holding money is low. C) greater at low interest rates, because the opportunity cost of holding money is high. D) lower at low interest rates, because the opportunity cost of holding money is high.
If fixed cost is $200,000 and variable cost is $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:
a. $20. b. $30. c. $50. d. $70.
Employers can shift payroll taxes by substituting capital for labor
a. True b. False Indicate whether the statement is true or false