Refer to the table above. Assume that the market for notebooks is in equilibrium. Which of the following is likely to happen if there is an increase in the school enrollment rate, other things remaining the same?
A) The equilibrium price and quantity remain unchanged.
B) Both the equilibrium price and quantity of notebooks decrease.
C) Both the equilibrium price and quantity of notebooks increase.
D) The equilibrium price increases, but the equilibrium quantity of notebooks decreases.
C
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As of 2009, China's economy had recovered from the global recession that began in 2008
Use aggregate demand and aggregate supply analysis to explain why, and to explain the likely consequences for China of an increase in the growth rate of the global economy.
The fact that our wants are unlimited but our resources are limited implies that
A) we should limit our wants. B) entrepreneurship has failed as an economic system. C) we have to make choices. D) the only way to make someone better off is to make someone else worse off.
A public good is
A. a good that the public must pay for. B. nonexcludable in consumption. C. more costly than a private good. D. paid for by the government.
Which of the following groups has the highest proportion of unskilled illegal immigrants in the U.S.?
A. Agricultural workers B. Construction workers C. Cleaning workers D. Food preparers