Interdependence in pricing may leading to
A) predatory pricing.
B) price-fixing agreements.
C) price bundling.
D) shifts in elasticities.
B
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James used $200,00 . from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000 . His accountant calculated his profit to be:
a. $300,000 b. $100,000 c. $80,000 d. $20,000
Which of the following statements is true?
A. The effect of a compensated price change = the substitution effect of the price change + the income effect of the price change. B. The effect of an uncompensated price change = the substitution effect of the price change - the income effect of the price change. C. The effect of an uncompensated price change = the income effect of the price change - the substitution effect of the price change. D. The effect of an uncompensated price change = the substitution effect of the price change + the income effect of the price change.
Which of the following is included in the calculation of GDP?
a. The purchase of tutoring services from a tutor who holds citizenship outside the country but resides within the country. b. The purchase of a new edition of a foreign textbook that was produced in a different nation. c. The purchase of ink and paper supplies by a textbook company for the production of new textbooks. d. The purchase of a used textbook from a friend who took the same class last year.
Which statement is false?
A. Since some people choose to hold some of their currency, the deposit multiplier is lower than one divided by the reserve ratio. B. In times of inflation banks are quite likely to carry excess reserves. C. If banks choose to hold excess reserves; the deposit multiplier will be lower than expected. D. If there is a large drain of dollars to foreigners because of a large trade imbalance, the deposit multiplier will be lower than expected.