Exhibit 4-3 Supply and demand curves
In Exhibit 4-3, an increase in quantity supplied would cause a movement from which equilibrium point to another, other things being equal?
A. E1 to E2.
B. E1 to E4.
C. E4 to E1.
D. E3 to E4.
Answer: B
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The government considers a market to be unconcentrated if its HHI number is less than ____, and highly concentrated if that number exceeds ____.
A. 1,000; 2,500 B. 100; 9,000 C. 50; 500 D. 500; 1,300
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A. Corporate profits B. Taxes C. Wages D. Proprietor Income
Author A accepts a $5,000 advance and a 10% royalty after 5,000 books are sold. Author B foregoes the advance and negotiates for a 15% royalty on all books sold. Author C decides to self publish his book and keep 50% of all sales revenue. Which of these authors expects to sell the fewest books?
A) Author A B) Author B C) Author C D) They are all equally likely.