Refer to the information provided in Figure 3.14 below to answer the question(s) that follow.
Figure 3.14Refer to Figure 3.14. At a price of $60, there is an excess
A. supply of zero sunglasses.
B. demand of 300 sunglasses.
C. demand of 150 sunglasses.
D. supply of 300 sunglasses.
Answer: A
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Macroeconomics is the study of individual economic markets
Indicate whether the statement is true or false
Elasticity is:
A) the sum of the percentage change in two variables. B) the difference of the percentage change in two variables. C) the product of the percentage change in two variables. D) the ratio of the percentage change in two variables.
The concept of workplace is changing with 24-7 access. Work and family life has become more complicated as it is harder to turn off work, a study showed that:
a. Smaller organizations may be more nurturing than larger ones. b. Executives are more time stressed than people in low-demand, low pay jobs c. The affluent have the most work-family conflicts d. Caregivers don't have much conflict because they stay at home
In a fully contestable market, a monopoly firm's profits are
a. limited to a competitive level b. negative c. higher than a competitive market d. set by a regulatory commission e. not affected by the firm's costs