Refer to the above table. At a price of $15 per unit, which of the following would exist?
a. A shortage of 1,600 units
b. A surplus of 600 units
c. A shortage of 1,000 units
d. A surplus of 1,000 units
Ans: c. A shortage of 1,000 units
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Which of the following is not true of long run equilibrium under monopolistic competition? a. Price equals marginal cost
b. Price equals average cost. c. Price equals minimum average total cost. d. None of the above.
Occupational crowding refers to
A. firms receiving more applications for high-wage job openings than for low-wage job openings. B. employee-based discrimination. C. licensure requirements to enter certain occupations. D. women being intentionally segregated into particular occupations. E. low turnover associated with high-wage occupations.
Banks prefer to make loans than keep reserves because they earn interest on loans and must pay interest on reserves
Indicate whether the statement is true or false
What prompted the EU countries to seek closer coordination of monetary policies and greater exchange rate stability in the late 1960s?
What will be an ideal response?