The equilibrium price will fall and the equilibrium quantity might increase, decrease, or stay the same when the

A) demand and the supply of a good both increase.
B) demand for a good increases and the supply of it decreases.
C) demand for a good decreases and the supply of it increases.
D) demand and the supply of a good both decrease.


C

Economics

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For the past 40 years the Federal Reserve has expressed policy in terms of a target value for:

A. open market operations. B. bank reserves. C. the Federal Reserve discount rate. D. the federal funds rate.

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Elly needs to get her leaking faucet repaired as soon as possible. She gets in touch with a plumber who asks for an unreasonably high fee. If no other plumber is available for work, who has a higher bargaining power? Explain your answer

What will be an ideal response?

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Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of coconuts in Costa Rica?

A) 3/8 of a ton of pineapples B) 2/3 of a ton of pineapples C) 1 1/2 tons of pineapples D) 100 tons of pineapples

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If you were asked to draw a graph that showed the total fixed costs (vertical axis) for various levels of output (horizontal axis), you would draw a line/curve that

a. increased with a slope equal to the average fixed cost b. decreased with a slope equal to the average fixed cost c. increases for a while and then decreases d. decreases for a while and then increases e. had a slope of zero

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