Refer to the diagram. A price of $60 in this market will result in:
A. equilibrium.
B. a shortage of 50 units.
C. a surplus of 50 units.
D. a surplus of 100 units.
D. a surplus of 100 units.
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When an insurance company makes a direct loan to a firm, the loan is known as
A) a private placement. B) a commercial paper. C) an account receivable. D) an account payable.
If corporations have their choice, they will prefer to invest using
A. revenue from the sale of stocks. B. revenue from the sale of bonds. C. plowback. D. money borrowed from the bank.
Which of the following is not a major determinant of the price elasticity of demand?
a. availability of close substitutes b. proportion of income spent on the good c. The supply of goods available d. amount of time that has elapsed since the price change
If diminishing marginal utility holds, and a person consumes less of a good, then all else being equal
a. the price of the good will rise b. total utility will rise c. marginal utility will rise d. expenditure on the good will increase e. marginal utility will decline