Congestion pricing
A. is a tax.
B. keeps nasal passages clear.
C. is never efficient.
D. all of these answer options are correct.
A. is a tax.
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Use the following graph of the bicycle market to answer the question below.
S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), which point on the graph is most likely to be the new equilibrium after an increase in wages of bicycle workers and a significant increase in the price of gasoline?
A. 4 B. 3 C. 5 D. 6
The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos
A) depends on the quantity of fruit drinks consumed. B) decreases as he consumes more bags of Fritos. C) decreases as he consumes more fruit drinks. D) equals 75 when he consumes 2 bags of Fritos.
An important assumption that is made when constructing a supply schedule is
a. only price and quantity matter in determining supply. b. firms always want to sell a certain amount of a product. c. supply is too important to be left to the marketplace. d. all other determinants of supply are held constant. e. demand has a positive slope.
A bank's reserves include:
A. U.S. Treasury bills and currency in the bank. B. the bank's deposits at the Federal Reserve. C. U.S. Treasury bills. D. currency in the bank but not currency in the ATM machines.