A shortage occurs at any price above the equilibrium price.
a. true
b. false
Ans: b. false
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The higher a security's price in the secondary market the ________ funds a firm can raise by selling securities in the ________ market
A) more; primary B) more; secondary C) less; primary D) less; secondary
If the average price of a car suddenly changes from $15,000 to $25,000, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) not likely; change B) likely; decrease C) likely; increase D) not likely; decrease
If firms are producing at a profit-maximizing level of output where the price exceeds the average total cost:
A. other firms will exit the market. B. accounting profits must be positive, but economic profits are zero. C. firms will exit the market. D. economic profits must be positive.
Which of the following was primarily responsible for establishing the euro?
A) Lisbon Treaty B) Treaty of Maastricht C) European Finance Act D) Single European Act