Refer to Figure 16-2. What is the price charged in the two markets?
A) price in the student market = price in the non-student market = Pb
B) price in the student market = Pc; price in the non-student market = Pe
C) price in the student market = price in the non-student market = Pa
D) price in the student market = Pd; price in the non-student market = Pe
B
You might also like to view...
Refer to Figure 9-5. With the tariff in place, the United States
A) imports 20 million pounds of coffee. B) exports 38 million pounds of coffee. C) imports 18 million pounds of coffee. D) imports 12 million pounds of coffee.
According to a survey by the U.S. Bureau of Labor Statistics, which of the following statements about annual U.S. household consumer expenditures is false?
A) The income elasticity of demand for entertainment is positive. B) The income elasticity of demand for owner-occupied housing is positive. C) The income elasticity of demand for rental housing is positive. D) The income elasticity of demand for health care is positive. E) Average family expenditures increase with income.
Should a person who is risk averse hold a portfolio with no stock and only bonds? Explain
In year 1 the CPI is 180, and in year 2 the CPI is 192. From year 1 to year 2, Javier's salary rises from $40,000 to $42,000, and Tom's salary rises from $55,000 to $57,000. Who is "more than keeping up with inflation"?
A) Javier B) Tom C) both Tom and Javier D) neither Tom nor Javier