What will cause the equilibrium point to move from E1 to E2?
a. a downward movement, or decrease, in price from P1 to P2
b. an upward movement, or increase, in price from P2 to P1
c. a leftward movement, or decrease, in quantity from Q2 to 0
d. a rightward movement, or increase, in quantity from Q2 to Q1
a. a downward movement, or decrease, in price from P1 to P2
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By taking the long position on a futures contract of $100,000 at a price of 115 you are agreeing to ________ a ________ face value security for ________
A) sell; $100,000; $115,000. B) sell; $115,000; $100,000. C) buy; $100,000; $115,000. D) buy; $115,000; $100,000.
Which of the following would decrease the supply of airline travel?
A. Reduced number of airline travelers. B. New airline companies beginning operations. C. Higher fuel costs. D. Lower prices for airline tickets.
Refer to the above figure. S1 is the supply curve that includes only private costs. S2 is the supply curve that includes social costs. If the firm sets output by focusing on private costs, the per-unit external cost will equal
A) P2. B) P4 - P2. C) P4 - P1. D) P2 - P1.
The money multiplier is equal to: a. the value of the required reserve ratio of the economy
b. one-hundredth of the required reserves of the economy. c. the reciprocal of the required reserve ratio of the economy. d. one-hundredth of the required reserve ratio of the economy.