Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market, then the market demand for hamburger will be 9 pounds per week when the price of hamburger is:
A. $1.00 per pound.
B. $2.50 per pound.
C. $1.50 per pound.
D. $2.00 per pound.
Answer: A
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In a fractional-reserve banking system the reserve/deposit ratio equals:
A. 100 percent. B. more than 100 percent. C. less than 100 percent. D. currency held by the public divided by deposits.
If the LM function is vertical, then __________ is constant
A) the price level B) the interest rate C) velocity D) investment
An increase in supply, holding demand constant, will cause:
a. Higher prices and a larger quantity sold b. Lower prices and a larger quantity sold c. Higher prices and a smaller quantity sold d. Lower prices and a smaller quantity sold
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm's isocost line would shift from CD to CE if
A. the price of capital falls. B. the firm's total expenditure on inputs increases. C. the price of labor falls. D. either the price of labor rises or the firm's total expenditure on inputs increases.