If the Qd = (12 million) - (1 million × P) and QS = (2 million) + (1 million × P), the equilibrium price for the product is ________.
A) $5 B) $1 C) $12 D) $2
A) $5
You might also like to view...
Electrons separated from radioactive elements are sometimes trapped in defects of crystals in odd numbers. These electrons, acting as small magnets, are the basis of:
A. electron spin resonance (ESR) dating B. radiocarbon dating C. thermoluminescence dating D. amino acid racemization dating
A ________ is a form of social and political organization that has a formal, central government and a division of society into classes
A. chiefdom B. state C. village-state D. hydraulic system E. region
Cultural values often have a very little unconscious effect on people's behavior
Indicate whether the statement is true or false
The Cheyenne were a ____ of the Great Plains in the U.S. who came together once every summer to perform ceremonies and hunt bison
a. band b. tribe c. chiefdom d. state