If the demand for eBook readers increases and the supply of eBook readers increases, then
A) it is clear that prices will increase, the change in the quantity of eBook readers sold is ambiguous.
B) it is clear that prices will decrease, the change in the quantity of eBook readers sold is ambiguous.
C) it is clear that quantity sold will increase, the change in the price of eBook readers is ambiguous.
D) it is clear that quantity sold will decrease, the change in the price of eBook readers is ambiguous.
C
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In a _____, the state owns all means of production
A. mixed economy B. planned economy C. market economy D. totalitarian state
If the dollar rises in value compared to other currencies, what will happen in the United States?
a. an increase in aggregate demand b. an increase in aggregate supply c. a decrease in aggregate supply d. an increase in the U.S. price level
Which statement is true?
A. Our lower rate of productivity growth has been affected by our low rate of savings. B. Our lower rate of productivity growth has been caused almost entirely by our high rate of savings. C. Our high rate of productivity growth has been caused almost entirely by our high rate of savings. D. Our high rate of productivity growth has been caused almost entirely by our low rate of savings.
In the above figure, the amount of the tax per unit imposed on the sellers is
A) $0.50. B) $1.00. C) $1.50. D) $2.00.