Given the demand curve in this graph, if price were $2.00, how much quantity would be purchased?
A. 1 unit
B. 2 units
C. 3 units
D. 4 units
C. 3 units
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A concern about crowding out caused by increased government borrowing is that:
a. interest rates on private borrowing fall. b. lower rates of economic growth can result from a decline in business investment spending. c. the federal government may default on its loans. d. foreign lenders find it less attractive to help finance federal deficits.
Which of the following is not a segment of the foreign exchange market?
a. The stock market for multinational companies. b. The swap market. c. The outright forward market. d. The spot market. e. All of the above are segments of the foreign exchange market.
Which of the following is true?
A) All economists agree that the tax multiplier is greater than the government spending multiplier. B) All economists agree that the tax multiplier is smaller than the government spending multiplier. C) There is disagreement among economists regarding the size of the tax multiplier relative to the size of the government spending multiplier. D) In the standard Keynesian textbook analysis, the tax multiplier is greater than the government spending multiplier. E) c and d
Exhibit 7-12 Cost schedule for producing pizza Pizzas FixedCost VariableCost TotalCost 0 $ $ $ 1 48 2 17 3 27 4 78 5 40 6 64 7 80 In Exhibit 7-12, the marginal cost of producing the 3rd pizza
A. is higher than the average total cost of 3 pizzas, so the average total cost curve is increasing at a quantity of 3 pizzas. B. is lower than the average total cost of 3 pizzas, so the average total cost curve is decreasing at a quantity of 3 pizzas. C. is equal to the average total cost of 3 pizzas, so the average total cost curve is minimized at a quantity of 3 pizzas. D. is higher than the average fixed cost of 3 pizzas, so the average fixed cost curve is increasing at a quantity of 3 pizzas.