Search activity ________
A) occurs when there is a surplus of the good
B) is unnecessary when a black market exists
C) increases when an effective price ceiling is set on a good
D) decreases when an effective price ceiling is set on a good
C
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Based on the above figure, which of the following is TRUE?
A) At a price of $6, quantity demanded is equal to quantity supplied. B) At a price of $4, quantity demanded is greater than quantity supplied. C) At a price of $8, quantity demanded is less than quantity supplied. D) All of the above answers are correct.
Which of the following factors affect vertical integration of firms?
a. The demand for the final product in the market. b. The market power of each firm in an industry. c. The number of firms in an industry. d. The transaction cost at each stage of production.
Many economists believe that tax cuts increase incentives to work and invest but current U.S. tax levels do not appear to be on the downward side of the Laffer curve
a. True b. False Indicate whether the statement is true or false
Types of rationing:
What will be an ideal response?