Refer to Figure 3-5. At a price of $10, the quantity sold

A) is 2 units. B) is 4 units. C) is 6 units. D) is 8 units.


B

Economics

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The table above gives costs at Jan's Bike Sho

A) $200 B) $300 C) $400 D) $500 E) None of the above answers is correct.

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Inefficient resource allocation is a major problem with monopolies

a. True b. False Indicate whether the statement is true or false

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In 2015, the population of the world

A. was approximately 500 million people. B. fell below 2 billion people. C. was more than 7 billion people. D. was close to 1 trillion people.

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You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of the year your friend pays you $500 in interest.

A. $50 B. $550 C. $5,000 D. $5,500

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