Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens?
a. It will rise
b. It will fall
c. Uncertain
d. None
a
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If good weather conditions result in a larger than normal crop of peaches, then the
A) equilibrium price of peaches rises, and the equilibrium quantity of peaches increases. B) equilibrium price of peaches falls, and the equilibrium quantity of peaches increases. C) demand curve for peaches shifts leftward. D) increase in the supply of peaches induces a greater demand for peaches, so that the equilibrium price rises and the equilibrium quantity increases. E) equilibrium price of peaches falls, and the equilibrium quantity of peaches decreases.
You turn to the bond market page of a newspaper and look under the column headed "Bonds" and see that it says, "Gemco 5 3/4 13" this indicates that
A. the coupon rate on this bond is 5.75 percent. B. this bond will mature 13 years from the date that it was first issued. C. the current yield on this bond is 5.75 percent. D. a and b E. all of the above
To an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt
A) wealth B) income C) money D) credit
Pigovian taxes are used to counterbalance:
A. negative externalities. B. network externalities. C. positive externalities. D. They could be used to counteract any of these.