The power of the supply and demand model lies in its ability
A) to generally predict how price and quantity will change with supply and demand shocks.
B) to precisely predict the impact of government regulations on quantity and price.
C) to precisely determine the difference between price ceilings and price floors.
D) to generally predict how profit motive impacts the distribution of goods and services.
A
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The producer price index focuses on price changes of domestically produced goods and includes services, construction, and imported goods
Indicate whether the statement is true or false
If demand rises, what happens to equilibrium price and quantity?
Fill in the blank(s) with the appropriate word(s).
In a competitive market without intervention, pure public goods would be
A. produced but at inefficiently high quantities. B. produced but at inefficiently low quantities. C. freely available. D. not produced.
Which of the following people owns common stock?
a. Lance, who may get a dividend depending upon how a company performs. b. Vivian, who has no ownership in the company she is investing in. c. Marti, who gets paid before anyone else if the company has problems. d. Natasha, who has no voting rights in the company she invested in.