Supermarkets will frequently not carry the products of food processors unless the processors pay fees to the supermarkets because
A) supermarkets are cartels.
B) supermarkets often dominate the geographic areas in which they sell.
C) supermarkets stand between the food processors and the ultimate consumers.
D) supermarket shelves are scarce goods.
E) supermarkets typically have more bargaining power than food processors.
D
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Car insurance and cars are complements. If the price of car insurance increases, the
A) demand for cars decreases. B) demand for cars increases. C) quantity of cars demanded decreases. D) quantity of cars demanded increases. E) More information is needed to determine if the demand increases or decreases.
Refer to the scenario above. If you invest your money in the bank, you will receive ________ on maturity
A) $172,304.74 B) $898,797.66 C) $3,521,725.58 D) $4,020,025.01
If preferences are one-dimensional and preferences are single peaked, majority rule will result in selection of the project most favored by a. no one
b. the median voter. c. the average voter. d. everyone.
When the price of gasoline increases substantially, many consumers will
a. turn to fuel saving alternatives like hybrid vehicles. b. drive less. c. take public transportation. d. all of the above are true.