Adding the quantities demanded by all consumers at every price will yield
A. the number of consumers.
B. the market-clearing price.
C. the market demand curve.
D. the total substitution effect from a price change.
Answer: C
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Which legal claim has a fixed annual coupon payment?
A) common stock B) preferred stock C) bond D) reinvestment
Ben consumes soda and cheeseburgers. If his total utility from sodas is currently 40, and his total utility from cheeseburgers is 30, and the price of cheeseburgers is twice the price of sodas, a. Ben is in equilibrium
b. Ben should increase his soda consumption and decrease his cheeseburger consumption. c. Ben should decrease his soda consumption and increase his cheeseburger consumption. d. we cannot conclude that any of the above are correct.
In the absence of trade between the two countries, the price of rice in the U.S. in terms of radios would tend to be
A. 1/2.
B. 1/5.
C. 200.
D. 500.
A higher real rate of interest ________ the reward for saving and ________ the amount people need to save to reach a given target.
A. decreases; decreases B. increases; increases C. increases; decreases D. decreases; increases