The domestic demand and supply for sugar are Qd = 60,000 ? 400P and QSD = 20,000 + 500P. The foreign supply is QSF = 20,000 + 100P. What is the domestic quantity supplied at the domestic market price?
A. 10,000
B. 52,000
C. 22,000
D. 30,000
Answer: D
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During the Great Depression, real GDP decreased by roughly ____ percent and unemployment rose to roughly ____ percent
a. 5; 10 b. 20; 10 c. 30;25 d. 50;25
A realized capital gain is
a. the difference between the price of a share of stock and what the investor paid for it (i.e., the broker's fee) b. the difference between the original value of a piece of equipment and its depreciated value c. an increase in the net worth of a sole proprietorship or partnership d. an increase in the market value of a share of stock held by an individual e. the difference between the selling price and the purchase price of a share of stock
Households make their savings available to borrowers through
a. resource markets b. the loanable funds market c. the labor market d. the taxes e. spending
Statistical discrimination:
A. is always a legal solution to information asymmetry. B. is an irrational response to information asymmetry. C. can limit the opportunities of individuals just because they happen to belong to a certain group of people. D. All of these statements are true.