Tying products can be a profitable strategy for facilitating price discrimination only when:
a. the demands for the goods are unrelated.
b. the supply of one of the tied products is low.
c. the demands for the goods are related.
d. the market for one of the goods is competitive.
C
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Refer to the above table. At a price of $450, there is an
A) equilibrium. B) excess quantity supplied of 4,000 tablets. C) excess quantity demanded of 6,000 tablets. D) excess quantity demanded of 9,000 tablets.
Exhibit 5-9 Supply and Demand Curves for Good X
?
As shown in Exhibit 5-9, the $200 per unit tax on Good X raises tax revenue per time period totaling:
A. $10,000. B. $20,000. C. $30,000. D. $60,000.
The following graph shows the supply of movie downloads. At a price of $4.00, what is the quantity supplied by each of the producers?
A. Charlie: 1, Barry: 5, Ann: 8 movies per week B. Charlie: 4, Barry: 5, Ann: 15 movies per week C. Charlie: 3, Barry: 6, Ann: 7 movies per week D. Charlie: 0, Barry: 4, Ann: 14 movies per week
The concept of "economic pessimism" stems from
A) the theory and empirical fact which states that developing nations face declining export prices relative to increasing import prices. B) the fact that economic growth in an era of globalization is difficult to attain. C) the fact that smaller countries would not enjoy comparative advantage unless they are allowed to subsidize some of their industries. D) the fact that it is impossible to achieve desired economic development without adopting full democratic principles.