The demand curve for a particular good indicates the various quantities
a. demanded at various prices, other things equal
b. demanded at different income levels, other things equal
c. actually purchased at various prices, other things equal
d. actually purchased at different income levels, other things equal
e. demanded at various prices and income levels, other things equal
A
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Clarissa Kessler operates a store that sells toys. Her business suffered tremendously when a giant discount store chain opened a store in the area and is able to sell its products for less than Clarissa's wholesale cost
Is this evidence of illegal price discrimination on the part of the discount store chain? A) No, even if the price discrimination is based on differences in cost, the law states that it is not illegal. B) No, because it can be argued that the discount store chain is justified in charging lower prices because it is a large-volume buyer and is able to purchase toys at a lower wholesale price than Clarissa. C) Yes, it is clearly a violation of the Robinson-Patman Act. D) Yes, the discount store chain is engaging in predatory pricing.
By the end of the 20th century, the countries of origin of the new U.S. immigrants shifted away from its European majority. A smaller percentage of total immigrants arrived from Europe, and more and more came from Asia, Canada and Mexico
Indicate whether the statement is true or false
The demand curve for running shoes has shifted to the right. What could have caused it?
What will be an ideal response?
The size of the underground economy would tend to decrease if the government of a country
A) decreased government regulations on businesses. B) made over-the-counter drugs illegal. C) increased income tax rates. D) increased business taxes.