The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the consumer surplus?
A) $30
B) $9,000
C) $18,000
D) $16,000
B
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In the short run, with prices fixed, how would an increase in government spending affect the DD-AA equilibrium?
A) It will increase output and appreciate the currency. B) It will increase output and depreciate the currency. C) It will decrease output and appreciate the currency. D) It will decrease output and depreciate the currency. E) It will increase output and have no effect on the currency.
Members of the European Union (EU), rely heavily on this form of indirect taxes
a. Value-added tax b. Excise tax c. Property tax d. Sales tax
According to the Federal Trade Commission and Department of Justice HHI Rules, how concentrated is this market?
a. Not concentrated. b. Moderately concentrated. c. Concentrated. d. Highly concentrated.
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. The break-even level of real disposable income is
A. 1400. B. 0. C. 6000. D. 1000.