Which of the following examples would most likely be involved in an investment?
a. hammers
b. apples
c. chewing gum
d. tea cups
a. hammers
You might also like to view...
A monopolist has the power to set price, but is not entirely free to set the price of its product. Explain
What will be an ideal response?
When a competitive equilibrium is achieved in a market
A) the total net benefit to society is maximized. B) the total benefits to consumers are equal to the total benefits to producers. C) economic surplus equals the deadweight loss. D) all individuals are better off than they would be if a price ceiling or price floor was imposed by government.
Which of the following could not be considered price discrimination?
A. Airlines offering super-saver fares to everyone. B. Movies offering cheap matinees. C. Senior citizen's discounts. D. The issuing of discount tickets to week-end travelers.
If there is a shortage in a free market, then
A. suppliers will decrease their output to match demand. B. consumers will offer to pay a lower price for the good, and the price will fall toward the equilibrium level. C. suppliers will accept any price below equilibrium. D. consumers will offer to pay a higher price for the good, and the price will rise toward the equilibrium level.