The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition. The with no government intervention, the equilibrium price is ________ and the equilibrium quantity is ________
A) $15 per ton; 100 million tons
B) $14 per ton; 250 million tons
C) $12 per ton; 300 million tons
D) $12 per ton; 250 million tons
E) $15 per ton; 400 million tons
D
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Which of the following is a driving force underlying economic growth?
What will be an ideal response?
Refer to the diagram. If aggregate expenditures in this economy are (C + I g + X n2 ), then the equilibrium levels of GDP and aggregate expenditures respectively will be:
A. 0A and 0E.
B. 0B and 0F.
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Indicate whether the statement is true or false