Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price decreases to $3.75 per cup, which of the following is the most likely outcome?
a. Students would purchase fewer than 750 cups per day.
b. Student would continue to purchase 750 cups per day.
c. Students would purchase more than 750 cups per day.
d. We do not have enough information to answer this question.
c
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An analysis of the American economy since 1960 shows that there is a stable relationship between inflation and unemployment
A) only in the short run. B) only in the long run. C) in neither the short run nor the long run. D) in both the short run and the long run.
If a company's market cap is $5,000,000 and the value of all stocks in the index is $100,000,000 . then that company has a weight of _____ of the index
a. 1 percent b. 20 percent c. 5 percent d. 0.5 percent e. 2 percent
A corrective tax places a price on the right to pollute
a. True b. False Indicate whether the statement is true or false
If median income is unchanged from one year to the next, then per capita income:
A. is decreasing. B. is increasing. C. could be increasing, decreasing, or constant. D. is also constant.