Refer to the figure below. Player B can infer that Player A will: 
A. always choose Up.
B. always choose Down.
C. choose Up when B chooses Left and choose Down when B chooses Right.
D. choose Down when B chooses Left and choose Up when B chooses Right.
Answer: A
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The figure below shows a single consumer's demand for ice cream at the student union. 
Fran is one of the students whose demand curve for ice cream is shown above. When price is $4.00, Fran demands ________ scoops a week, and when price is $2.00, Fran demands ________ scoops.
A. 1; 3 B. 2; 6 C. 2; 4 D. 2; 5
Special rights often granted to preferred stock include a preference for receiving dividends and for the distribution of assets if the corporation is liquidated. Select one: True False
Indicate whether the statement is true or false.
If a subsidy (going to consumers) on a good is eliminated, this would
A. cause a movement along the demand curve to a (lower price, higher quantity) point. B. cause a movement along the demand curve to a (higher price, lower quantity) point. C. move its demand curve to the right. D. move its demand curve to the left.
The price elasticity of demand for lettuce has been estimated to be 2.58. If an insect infestation destroys 10% of the nation's lettuce crop, how will that affect total revenue from lettuce, all other things unchanged?
A. Average costs will increase B. The average product will fall C. Average total costs will fall D. Total revenue will fall