A shift of the demand curve for thin-crust pizza would not be caused by a change in:
A) the price of thick-crust pizza.
B) buyers' incomes.
C) the popularity of thin-crust pizza.
D) the price of thin-crust pizza.
D) the price of thin-crust pizza.
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The Brooks Appliance Store and the Lefingwell Appliance Store (both are located in the same city) each sell an identical washer-dryer pair. The owner of each store considered offering the washer-dryer pair for $700, but decided on a price of $500
If this is a Nash equilibrium we can conclude that A) the owners of the stores feared that charging $700 could be used as evidence of collusion. B) charging $500 was the most profitable strategy for each store, regardless of what price was charged by the other store. C) the stores were less concerned about making a profit from the washer-dryer pair than they were with attracting customers who would also buy other appliances. D) each store owner feared charging the higher price would result in being undercut by the other store charging the lower price.
A perfectly competitive firm in long-run equilibrium produces output at the lowest possible average total cost
Indicate whether the statement is true or false
Which of the following will lower the money multiplier?
a. An increase in the currency/checkable deposit ratio b. A decrease in the excess reserve/checkable deposit ratio c. A decrease in the required reserve/checkable deposit ratio d. Either a or b e. All of the above
If Coca-Cola opens a bottling plant in Brazil, what effect would it have on that country's Gini coefficient?