If the demand for CD players decreases and the supply of CD players decreases, then
A) it is clear that prices will decrease, the change in the quantity of CD players sold is ambiguous.
B) it is clear that prices will increase, the change in the quantity of CD players sold is ambiguous.
C) it is clear that quantity sold will decrease, the change in the price of CD players is ambiguous.
D) it is clear that change in quantity sold is ambiguous, the change in the price of CD players is ambiguous.
C
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Which of the following best represents an indirect tax?
A) federal income tax B) state income tax C) local property tax D) sales taxes paid on goods and services
The relatively low inflation experienced in the United States in the 1990s is attributable to
a. slow growth of U.S. productivity during the 1990s. b. slow growth of the quantity of money in the U.S. in the 1990s. c. low levels of government spending in the U.S. in the 1980s and 1990s. d. the eight-year presidency of William Jefferson Clinton during the 1990s.
A monopolist which suffers losses in the short run will
A. raise price in order to eliminate losses. B. continue to operate as long as total revenue covers fixed cost. C. exit in the long run if there is no plant size that will result in economic profit that is greater than or equal to zero. D. both a and b E. both a and c
Describe how a market for externality rights or cap-and-trade system would work in terms of supply and demand
Please provide the best answer for the statement.