If price were $6, there would be a (shortage or surplus) _____ of _____.
shortage; 50
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Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals: 
A. $60. B. $80. C. $30. D. $40.
In September, buyers of silver expect that the price of silver will rise in October. What happens in the silver market in September, holding all else constant?
A) The quantity demanded increases. B) The quantity demanded decreases. C) The demand curve shifts to the right. D) The demand curve shifts to the left.
A positive externality will cause a market to produce: a. more than the efficient equilibrium output level. b. iless than the efficient equilibrium output level. c. the efficient equilibrium output level
d. None of the above.
Refer to the information provided in Figure 13.6 below to answer the question that follows.
Figure 13.6 Refer to Figure 13.6. The profit-maximizing price for the Memory Company's high school yearbook is
A. $0. B. $9. C. $16. D. $20.