The figure below shows the supply and demand curves for jeans in Smallville. 
At a price of $60 per pair, there will be an excess ________ of ________ pairs of jeans per day.
A. demand; 8
B. demand; 16
C. supply; 16
D. supply; 24
Answer: C
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The above figure shows the demand and cost curves facing a monopoly. The monopoly maximizes profit by selling
A) 0 units. B) 25 units. C) 50 units. D) 75 units.
Monopolies may be the only firms large enough to commercially produce a significantly innovative new product
a. True b. False Indicate whether the statement is true or false
The financial system is important because it helps to match one person's _____ with another person's _____
Fill in the blank(s) with correct word
If the price of the output produced by a particular type of labor decreases, which of the following shifts should occur in the labor market for the particular type of labor?
A. Demand for labor should shift to the right. B. Supply of labor should shift to the right. C. Demand for labor should shift to the left. D. Supply of labor should shift to the left.