Equilibrium quantity must increase when demand
a. increases and supply does not change, when demand does not change and supply increases, and when both demand and supply increase.
b. increases and supply does not change, when demand does not change and supply increases, and when both demand and supply decrease.
c. decreases and supply does not change, when demand does not change and supply decreases, and when both demand and supply increase.
d. decreases and supply does not change, when demand does not change and supply decreases, and when both demand and supply decrease.
a
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Suppose that the chain-weighted index for GDP in Panama was 180 in 2015 and 188 in 2016. The inflation rate between those two years was approximately
A) 1.1 percent. B) 4.4 percent. C) 8 percent. D) 10.4 percent.
Explain how the introduction of an additional competitive market can always solve the efficiency problem that emerges from a negative externality.
What will be an ideal response?
Significant market power exists in:
A. perfectly competitive markets only. B. oligopoly markets only. C. oligopoly markets and perfectly competitive markets. D. monopoly markets and oligopoly markets.
Proponents of inward-oriented policies ignore the fact that natural resources are exhaustible, so their long-run market value will fall
a. True b. False Indicate whether the statement is true or false