Refer to the table shown, which shows the demand schedule for a product sold by a monopolist. Marginal revenue is positive:Price of product($)Quantity demanded per year$143$124$105$86$67
A. when price is $10.
B. when price is below $10.
C. when price is above $10.
D. for every price.
Answer: C
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Crowding out is the tendency for increased government deficits to:
A. increase consumption spending. B. increase investment spending. C. reduce investment spending. D. reduce consumption spending.
An individual who arranges for buyers and sellers to exchange securities and earns a commission in return is a
A) dealer. B) auctioneer. C) broker. D) underwriter.
A tax placed on imports is known as
A) voluntary restraint agreement. B) tariff. C) quota. D) infant industry.
Which of the following is considered a negative supply shock?
A) increasing immigration in the economy causes the labor supply to rise B) an improvement in technology C) an increase in unemployment D) an unexpected decrease in the refining capacity for oil