Shift to the left or right for supply:price of product believed to rise in the future
What will be an ideal response?
left
You might also like to view...
Access the document prepared by the U.S. Census Bureau, Pollution Abatement Costs and Expenditures: 2005, available online at www.census.gov/prod/2008pubs/ma200-05.pdf.Examine the state-level data for total capital and operating abatement costs. Analyze the differences amongany subset of states, and offer a hypothesis as to why these differences might exist.
What will be an ideal response?
The figure above shows a natural monopoly that the government must regulate. Which of the following pairs most likely results in similar outcomes?
A) marginal cost pricing and rate of return regulation B) marginal cost pricing and a two-part tariff C) average cost pricing and rate of return regulation D) predatory pricing and price caps E) marginal cost pricing and price cap regulation
Refer to Figure 18-1. Currency speculators believe that the value of the euro will increase relative to the dollar. Assuming all else remains constant, how would this be represented?
A) Supply would increase, demand would decrease and the economy moves from C to B to A. B) Supply would decrease, demand would decrease and the economy moves from B to C to D. C) Supply would decrease, demand would increase and the economy moves from A to D to C. D) Supply would increase, demand would increase and the economy moves from D to A to B.
Information costs
A) are the costs of buying and selling financial claims. B) include the costs that savers incur to determine the credit worthiness of borrowers. C) include the costs borrowers incur to discover the best investments to make with the money they have borrowed. D) are zero in financial markets, but high for transactions carried out through financial intermediaries.