A change in an equilibrium price can result fromI.A change in demandII.A change in supply
A. I only
B. II only
C. Both I and II
D. Neither I nor II
Answer: C
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Refer to the figure below. When the price is equal to 8, the price elasticity of demand for the demand curve D1 is ________ and for D2 the price elasticity of demand is ________. 
A. 1; 4 B. 4; 1 C. 2; 4 D. 4; 4
Final goods and services refer to ________.
A. goods and services that are unsold and therefore added to inventories B. goods and services purchased by ultimate users, rather than for resale or further processing C. goods and services whose value has been adjusted for changes in the price level D. the excess of U.S. exports over U.S. imports
"Crowding out" investment in supply side economics refers to a situation in which groups of investors compete with each other, thereby driving up interest rates
Indicate whether the statement is true or false
The process of bringing together buyers and sellers in a market is called:
A. equilibrium. B. intermediation. C. the invisible hand. D. supply and demand.