Refer to the above table. At a price of $450, there is an
A. excess quantity demanded of 9,000 tablets.
B. excess quantity demanded of 6,000 tablets.
C. equilibrium.
D. excess quantity supplied of 4,000 tablets.
Answer: B
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Which of the following shifts the demand curve for hot dogs leftward?
A) an increase in the price of a hot dog bun B) a decrease in the price of a hot dog bun C) an increase in the price of a hot dog D) an increase in the price of a hamburger
The closer monopolistic competition gets to perfect competition
a. the more vertical the AR curve. b. the more horizontal the AR curve. c. the greater the difference between AR and MR. d. the greater the profit.
Owners face unlimited liability in
A. national corporations and global corporations. B. proprietorships and partnerships. C. partnerships and corporations. D. proprietorships and corporations.
Refer to the information. The multiplier for this economy is:
Answer the question on the basis of the following information for a mixed open economy. The letters Y, C a , I g , X n , G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars.
A. 4.
B. 3.
C. 2.
D. 2.33.