If the price is $5 and the quantity demanded is 100 units, then at a price of $10, the quantity demanded will be
A) less than or equal to 100 units.
B) greater than or equal to 100 units.
C) less than or equal to 1000 units.
D) equal to 100 units.
A
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The graph above might represent the ________
A) response to an increase in the fraction of the population engaged in research and development B) response to a rise in the productiveness of research and development C) response to an increase in the total population D) response to a rise in the saving rate
In ____, each competing firm is determined to sell at a price that is lower than the prices of its rivals, often regardless of whether that price covers the pertinent cost
a. market skimming b. a monopoly c. a price war d. perfect competition
Melissa offers you $1,000 today or $1,500 in 5 years. You would prefer to take the $1,500 in 5 years if the interest rate is
a. 8 percent. b. 9 percent. c. 10 percent. d. All of the above are correct.
The unemployed are disproportionately represented among the uninsured because:
A. one must be working to qualify for Medicaid. B. most workers obtain health insurance through their employers. C. most are young and in excellent health, so they choose not to purchase health insurance. D. a large percentage of the unemployed are heads of single-parent families.