The figure above shows the market for milk. If 250 gallons of milk a day are available, the ________ price that consumers are willing to pay for the last gallon is ________

A) maximum; $2.50
B) minimum; $2.50
C) maximum; $3.25
D) minimum; $3.25


A

Economics

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The above table gives assets and deposits for a (small) bank. The bank's deposits that are part of M1 are equal to

A) $3,100. B) $3,130. C) $1,600. D) $600. E) $30.

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If changes in inflation are higher than expected,

A) the long-run Phillips curve will be negatively sloped. B) the short-run Phillips curve will be positively sloped, but not vertical. C) the short-run Phillips curve will be vertical. D) the short-run Phillips curve will be negatively sloped.

Economics

Countries with high population growth rates tend to have lower levels of educational attainment

a. True b. False Indicate whether the statement is true or false

Economics

The market for bonds is initially described by the supply of bonds - S0, and the demand for bonds - D0, with the equilibrium price and quantity being P0 and Q0. An increase in the nation's wealth, all else constant, would cause the 

A. Bond supply curve to shift to S1. B. Bond supply curve to shift to S2. C. Bond demand curve to shift to D1. D. Bond demand curve to shift to D2.

Economics