If the price elasticity of supply of a good is 2, a 200% increase in the price of the good, will change the quantity supplied by:
A) 50%.
B) 100%.
C) 200%.
D) 400%.
D
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A consequence of a negative externality is that social costs __________ private costs, and the efficient level of output __________.
A. equal; does not require any type of government intervention B. are less than; requires the government to create a subsidy C. are greater than; requires the government to impose a tax D. are greater than; requires the government to create a subsidy E. are less than; requires the government to impose a tax
Real GDP per person in rich countries, such as Germany, is sometimes more than 10 times that of poor countries like India
a. True b. False Indicate whether the statement is true or false
The U.S. National Debt: A Historical Perspective
What will be an ideal response?
Use the following table, which shows the supply and demand schedules for the euro, to answer the next question.Quantity of Euros SuppliedPriceQuantity of Euros Demanded400$1.101003601.002003000.903002860.804002670.70500If European governments decide to fix the price of a euro at $0.80, they would have to ________.
A. sell 114 euros B. buy 114 euros C. sell 286 euros D. buy 286 euros