If the price of a product decreases, we would expect:
A. Demand to increase
B. Quantity supplied to decrease
C. Supply to decrease
D. Quantity supplied to increase
Answer: B
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In the ten year period 1981-1990, 1202 commercial banks were closed, with a peak of 206 failures in 1989. This rate of failures was approximately ________ times greater than that in the period from 1934 to 1980
A) two B) three C) five D) ten
If the discouraged workers were included in the labor force,
a. the unemployment rate would fall. b. the labor force would decrease. c. the employment rate would rise. d. the unemployment rate would rise.
Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A. $46,371 B. $41,150 C. $41,282 D. $46,021
Given the equations for demand and supply: Qd = 48 ? 4P and Qs = 4P ? 16, respectively, the market is in equilibrium when the quantity bought and sold is:
A. 24. B. 32. C. 16. D. 8.