At a price of $9.99, Danielle buys 3 digital books per month. When the price decreases to $7.99, Danielle buys 4 digital books per month. Jason says that Danielle's demand for digital books has increased. Is Jason correct?
A) Yes, Jason is correct.
B) No, Jason is incorrect. Danielle's demand has decreased.
C) No, Jason is incorrect. Danielle's quantity demanded has decreased, but her demand has stayed the same.
D) No, Jason is incorrect. Danielle's quantity demanded has increased, but her demand has stayed the same.
E) No, Jason is incorrect. Danielle's quantity demanded has increased and her demand has decreased.
D
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In the above figure, a sales tax of $1 per unit imposed on sellers ________ the price buyers pay and ________ the price that suppliers keep for themselves
A) affects; does not affect B) does not affect; affects C) does not affect; does not affect D) affects; affects
A person will choose to work another hour if the benefit of another hour of work is:
A. greater than the opportunity cost. B. exactly equal to the average total cost to the firm. C. exactly equal to the opportunity cost. D. less than the opportunity cost.
Although not included in the M1 definition of money, ______ are part of the M2 definition of currency.
a. traveler’s checks b. coins c. checkable deposits d. money market mutual fund shares
Refer to the diagram. If the supply of loanable funds is S 1 and the demand for loanable funds is D 1 , the equilibrium interest rate and quantity of funds borrowed will be:
A. G and A.
B. F and A.
C. F and C.
D. E and A.