Miriam owns a small shop selling custom headbands and accessories, Last month, she sold 335 headbands for $10 each. According to the law of demand, what quantity might expect to If she drops the price to $6?
A. 415
B. 1.300
C. 290
D. 335
Answer: A. 415
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Which of the following would be an example of contractionary fiscal policy?
A. Congress enacts economic sanctions on North Korea. B. Congress increases the corporate tax rate by 3 percent. C. Congress decreases the rate for the top income tax bracket by 5 percent. D. Congress increases infrastructure spending by 2 percent.
Suppose the Herfindahl-Hirschman Index (HHI) in the market for chocolate is 3,200. Two companies want to merge. The FTC definitely will challenge the merger if it increases the HHI by more than
A) 150 points. B) 100 points. C) 40 points. D) 200 points.
Refer to Figure 11-4. The movement from E to B to D in the figure above illustrates
A) diminishing returns to capital. B) an improvement in technology. C) diminishing returns to labor. D) a decline in capital per worker.
How can a warranty at the seller's expense signal that a product is of high quality?
What will be an ideal response?