Refer to the information provided in Figure 3.17 below to answer the question(s) that follow.
Figure 3.17Refer to Figure 3.17. If the current quantity demanded of rollerblades is 150 per week, you accurately predict that in this market
A. price and quantity supplied will decrease and quantity demanded will increase.
B. price, quantity supplied and quantity demanded will decrease.
C. price and quantity supplied will increase and quantity demanded will decrease.
D. price, quantity supplied and quantity demanded will increase.
Answer: C
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An optimizing economic agent will use the ________ rate while calculating the economic cost of a loan
A) exchange B) nominal interest C) real interest D) tax
Government price setting _____
a. prevents firms from lowering their prices b. creates barriers to entry c. helps enforce collusion among industry members d. all of the above
According to the figure shown, Nike:
A. has a dominant strategy to charge a high price.
B. does not have a dominant strategy.
C. will reach an optimum outcome by acting in its own self-interest.
D. has a dominant strategy to charge a low price.
Here's some unhappy news for Canadians: Canada's real GDP declined steadily for the first half of 2000 . so that Canada was, at least during that period of time, and according to economists, in a
a. depression b. recovery from recession c. recession d. peak or prosperity phase of its business cycle e. deflation