An increase in demand will increase equilibrium price to a greater extent:
A. if the product is a normal good.
B. if the product is an inferior good.
C. the less elastic the supply curve.
D. the more elastic the supply curve.
Answer: C
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Refer to the table above. What is the equilibrium quantity of notebooks?
A) 4 units B) 10 units C) 20 units D) 12 units
Suppose that Joan, the only consumer of pork, has a downward-sloping demand curve for pork and faces an upward-sloping supply curve. If her demand curve shifts out because she develops a craving for pork, then at the new equilibrium (everything else equal),
a. the price of pork relative to other goods will be higher than before. b. Joan's marginal utility from every unit of pork she eats will be higher than before. c. Joan's real income will be lower than before. d. All of the above are correct.
Which of the following are key reasons to build a strong order fulfillment (i.e., delivery) capability?
a. Out-of-stock occurences are a leading cause of customer dissatisfaction b. Service failures cost retailers hundreds of billions of dollars every year c. Fixing stockouts is easy to do, offereing companies a quick and easy return on investment d. All of the above e. Only A and B
Identity the major sources of funding for health care and the relative percentages
What will be an ideal response?