Suppose the supply and demand of corn both increase. As a result, what will happen to the equilibrium price and equilibrium quantity in the market?
The equilibrium quantity will increase. The change in the equilibrium price is ambiguous.
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About ___________ of the U.S. population moves each year
a. 5% b. 10% c. 15% d. 35%
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 400 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the deadweight loss due to the monopsony in the coal miners market?
A. $27,778 B. $13,889 C. $41,667 D. $21,667
The percentage of the national debt held by foreigners is approximately 25 percent
a. True b. False Indicate whether the statement is true or false
Based on the table, the multiplier in this case is ______.
a. 2/3
b. 3
c. 10 billion
d. 30 billion