If quantity demanded is greater than quantity supplied, the market price must be
a. above equilibrium.
b. at equilibrium.
c. below equilibrium.
d. above cost of production.
c. below equilibrium.
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As interest rates rise, the opportunity cost of holding money ________ and the demand for money ________
A) rises; rises B) rises; falls C) falls; rises D) falls; falls
Refer to Figure 7.2. If Happy Times Theater charges one price to day customers and another price to night customers, then the day price will be 
A. $5.50. B. $6.25. C. $10.00. D. $7.50.
Which of the following is observed in an economy during the contraction phase of the business cycle?
a. Nominal GDP begins to rise b. Real GDP remains constant c. Real GDP falls d. Productivity of resources increase e. Unemployment falls
The per-worker production function is ____ sloped and ____ at a(n) ____ rate
a. negatively; decreases; diminishing b. negatively; decreases; increasing c. positively; increases; increasing d. positively; increases; diminishing