According to the law of demand, when the price of gas rises, Question 26 options:
A. people will drive more.
B. oil refining companies record financial losses.
C. car sales increase.
D. people decrease the quantity of gas demanded, perhaps by driving less.
D. people decrease the quantity of gas demanded, perhaps by driving less.
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What are the most important characteristics that have shaped Brazil's economic and social progress during the last three decades?
What will be an ideal response?
To join the EMU, a country should have no more than
A) 1.5 percent inflation rate above the average of the three EU member states with the highest inflation. B) 3 percent inflation rate above the average of the three EU member states with the lowest inflation. C) 4 percent inflation rate above the average of the three EU member states with the lowest inflation. D) 1.5 percent inflation rate above the average of the three EU member states with the lowest inflation. E) 2 percent inflation rate above the average of the three EU member states with the lowest inflation.
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. Figure 9.1Refer to Figure 9.1. The profit-maximizing price of wheat is ________ per bushel.
A. $7 B. $9 C. $11 D. $15
When a monopolist sells two units of output its total revenue is $150. When a monopolist sells three units of output its total revenue, is $210. When the monopolist sells three units of output, the price per unit is
A. $50. B. $60. C. $70. D. $75.