Refer to the figure below. If the price of soda is $1.25 per can, then the quantity of soda demanded in the market each week is: 
A. 40
B. 10
C. 30
D. 0
Answer: D
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If the price elasticity of demand is 4 and the price of migraine medicine increases by 6%, what will be the percentage change in quantity demanded?
a. 6% b. 4% c. 24% d. 67%
The government prefers a market-based approach to reduce firms' emissions of a toxic gas but wants to make certain that no more than 1,000 cubic yards of the gas are ever emitted in a single day. The most efficient policy under these circumstances is likely to be a system of
a. per-unit taxes on emissions of the gas. b. per-unit taxes on the goods produced by firms that emit the gas. c. subsidies to firms that agree not to emit the gas. d. sales of permits to emit specified quantities of the gas on specified days.
Recall the Application about weather-linked crop insurance to answer the following question(s).According to the Application, farmers in poor countries hesitate to increase their investments in fertilizer and seeds due to:
A. unpredictable weather patterns. B. very predictable weather patterns. C. lack of property rights. D. government regulation.
_____________ sector savings only sometimes (and partially) adjust to offset government budget deficits and surpluses.
a. Foreign b. Corporate c. Public d. Private