Equilibrium price is _____.
about $186
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The marginal propensity to consume is calculated by
A) dividing the change in income by the change in consumption. B) dividing income by consumption. C) dividing consumption by income. D) dividing the change in consumption by the change in income.
What determines how much labor a household will supply?
What will be an ideal response?
Most researchers agree that the New Deal positively impacted
(a) employment and overall production. (b) wages, working conditions and working hours. (c) electricity production and use of it as power. (d) all of the above.
Suppose you are the manager of Natural Oils, a firm that specializes in healthy skin oils. To make your oils, you purchase avocado pits from guacamole manufacturers. If the demand for guacamole decreases, this will cause the production of avocado pits to ________ and the price of avocado pits to ________.
A) decrease; fall B) increase; fall C) decrease; rise D) increase; rise