In the above figure, the slope across the arc between a and b is
A) 2/5.
B) 1.
C) 3/2.
D) 5/2.
D
Economics
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Refer to the figure above. When the demand curve for gas is D1 and the supply curve for gas is S, the equilibrium price is:
A) $3. B) $5. C) $6. D) $8.
Economics
The invisible hand principle indicates that competitive markets can help promote the efficient use of resources
What will be an ideal response?
Economics
Microeconomics is concerned with studying which of the following?
A) the determinants of national unemployment B) the effects of monetary policy C) the study of a nation's workforce D) none of the above
Economics
Describe the two sources of economies of scale and how these economies of scale lead to intraindustry trade
What will be an ideal response?
Economics