In recent years, the price of wireless earbuds has fallen, while the quantity exchanged of wireless earbuds has risen. We can conclude that this is most likely a result of
A. an increase in supply that exceeded an increase in demand.
B. an increase in demand while supply remained constant.
C. an increase in demand that exceeded an increase in supply.
D. a decrease in supply while demand remained constant.
Answer: A
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For a profit-maximizing monopolist, the price of a product is: a. always equal to marginal revenue
b. always greater than marginal revenue. c. always less than marginal revenue. d. always equal to the average total cost of production.
Deadweight loss is the net loss to society when a monopolist restricts output and increases the price
Indicate whether the statement is true or false
According to the Taylor Rule, if the inflation rate is 3 percent and the GDP gap is 2 percent, what does the federal funds rate target equal?
A) 8.5 percent B) 5.5 percent C) 3.5 percent D) 6.5 percent
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.