An unexpected fall in durable goods orders should send bond prices __________ and stock prices __________
A) up; up
B) up; down
C) down; up
D) down; down
B
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If a runner's demand for bottled water increases, and the market price remains unchanged, the runner's consumer surplus
a. falls because the difference between what the runner is willing to pay and price decreases b. falls because the marginal utility of bottled water falls when the demand curve shifts to the left c. remains constant because price doesn't change d. increases e. is zero
What is the best method to avoid becoming defensive when receiving feedback?
State and local governments' fiscal policies typically reinforce the fiscal policy of the federal government to counter recession and inflation.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 3.14 below to answer the question(s) that follow.
Figure 3.14Refer to Figure 3.14. If this market is unregulated and the price is currently $30, you would expect that the price of sunglasses would
A. rise to $90, so the firm could meet its excess demand. B. remain at $30, because firms would not want to increase the price. C. rise to $60, where quantity demanded equals quantity supplied. D. rise, but the new price is indeterminate from the information provided.