It is possible for a market for a good to experience a surplus and a shortage at the same time
Indicate whether the statement is true or false
FALSE
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Which of the following is an example of a backward linkage?
a. A car industry creates a need for car dealerships. b. A compact disc industry creates a need for CD players. c. The development of a shoe industry creates a demand for a leather industry. d. An increase in the population increases the demand for food. e. New educational facilities improve the literacy rate of the population.
Refer to the above figures. Which of the panels would be consistent with the situation in which external benefits exist?
A) Panel 1 B) Panel 2 C) Panels 1 and 2 D) neither panel
Which of the following will improve your supplier contracting bargaining position
a. Your supplier merges with an alternative supplier b. You redesign your component requirements to be more flexible across different potential suppliers c. You redesign your component requirements so that your preferred supplier is more integral to product success d. Your supplier's chief competitor has exited the market
A short-run aggregate supply curve shows the
A) amount of a particular good producers are willing and able to buy at a particular price, ceteris paribus. B) real output (Real GDP) producers are willing and able to sell at different price levels, ceteris paribus. C) real output (Real GDP) people are willing and able to buy and to sell at different price levels, ceteris paribus. D) real output (Real GDP) people are willing and able to buy at different price levels, ceteris paribus.