Skateboards International of Mavericks Beach, California, was able to sell 20,000 skateboards at a price of $60 last year. This year it is able to sell only 12,000 of the same skateboards at a price of $60. Evidently, Skateboard International has experienced a(n):
a. increase in quantity supplied.
b. increase in demand
c. increase in supply.
d. decrease in demand.
d
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Which of the following statements is true?
A) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which decelerated their economic growth. B) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which accelerated their economic growth. C) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which accelerated their economic growth. D) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which decelerated their economic growth.
Which of the following was not an industry the government has used the Sherman Act to break up because it was a monopoly?
A. Railroad B. Oil C. Aluminum D. Technology
Technically, the Federal Reserve district banks are corporations whose stockholders are the
A. state governments in each district. B. citizens of the United States. C. Departments of Treasury and Commerce. D. member banks.
When TR is increasing as a monopolist's output increases
A) MR is negative. B) MR is positive. C) MR = 0. D) MR may be positive or negative.