This table shows individual demand schedules for a market.
According to the table shown, what will the equilibrium price be in this market?
A. $0.50
B. $1.50
C. $2.00
D. Cannot be determined without more information.
D. Cannot be determined without more information.
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The table above shows the marginal costs and marginal benefits of college education. If 8 million students are enrolled, the marginal external benefit is
A) zero. B) $4,000. C) $5,000. D) $7,000.
At the end of the production chain that a typical economy moves up along is
a. raw material b. agriculture c. hunting and gathering d. services e. manufacturing
If purchasing-power parity holds, when a country's central bank increases the money supply, its
a. price level rises and its currency appreciates relative to other currencies in the world. b. price level rises and its currency depreciates relative to other currencies in the world. c. price level falls and its currency appreciates relative to other currencies in the world. d. price level falls and its currency depreciates relative to other currencies in the world.
The prime rate is the interest rate at which banks can borrow from the Fed.
Answer the following statement true (T) or false (F)