Refer to the table below. The equilibrium price in this market is:Price PerUnitColumn A UnitsPer YearColumn B UnitsPer Year$2010040$309550$408060$506570$605080
A. nonexistent.
B. between $20 and $30.
C. between $30 and $40.
D. between $40 and $50.
Answer: D
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Decision trees are commonly used to illustrate how firms make business decisions that depend on the actions of rival firms. A decision tree has boxes that contain points that represent when firms must make the decisions contained in the boxes
What are these points called? A) decision options B) decision nodes C) option points D) either-or terminals
African countries contain a third of the world's population and over half of the world's extreme poverty
Indicate whether the statement is true or false
Which of the following will not shift the demand curve for movie tickets?
a. a change in the cost of babysitting services b. a change in the price of movie tickets c. a change in the quality of television programs d. a change in the income of movie-goers e. a change in the number of consumers
In the classical model, the demand for loanable funds comes from
a. consumption expenditures and the government deficit, if any b. net taxes and government expenditures c. government purchases d. investment spending and the government deficit, if any e. consumption expenditures, investment spending and government purchases