Assume the price of a movie is $10. Jenna demands 2 movies per week, Sam demands 3 movies per week, and Jordan demands 8 movies per week. From this information we can conclude that
A) the market quantity demanded at a price of $10 is at least 13 movies per week.
B) Jordan is obviously more wealthy than either Sam or Jeanna.
C) Sam is irrational compared to Jenna or Jordan.
D) the movie industry is unprofitable.
A
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Referring to Figure 19.1, Mexican goods will become cheaper in the United States if the exchange rate goes from ________ to ________ pesos to the dollar
A) 13; 11 B) 13; 10 C) 12; 11 D) 12; 13
Suppose a price ceiling is imposed below the undistorted market equilibrium price. Which of the following is true?
A. The increase in the real price paid by consumers is larger the more price inelastic consumer demand is. B. The increase in the real price paid by consumers is larger the more price inelastic the supply curve is. C. The size of the reduction in market output depends only on the price elasticity of supply and not the price elasticity of demand. D. Both (a) and (b). E. Both (a) and (c). F. Both (b) and (c). G. All of the above. H. None of the above.
When market trades in water occur, we can assume that
a. the party releasing water is the loser. b. the party buying water is paying too much. c. the trade in something as important as water is immoral. d. the signals and incentives flowing from the trades help many in that water market, not just the buyer and seller directly.
In Figure 6.1, which area represents an expansion? 
A. A B. C C. D D. E