If the quantity of jelly beans supplied is represented by the equation QS = -20 + 4P then the corresponding price of jelly beans is represented by the equation
A) P = 2.5 - 4QS. B) P = 0.25QS + 5. C) P = 4QS - 80. D) P = 0.5QS + 80.
B
You might also like to view...
Per-unit pollution reduction subsidies
a. are implemented by paying a polluter for using a particular type of abatement equipment b. can elevate profits, which encourages entry, and hence can perversely increase aggregate emissions c. are used exclusively in the United States at the federal level of government d. are designed to lower the costs of abatement technology
California voters and legislators frequently debate about the true cost of water in the course of trying to establish state policy to govern the use of water. The issue is confusing because
A) all water is ultimately a free gift of nature. B) the cost of water is infinite. C) water in itself, considered simply as a chemical compound, cannot be assigned any specific cost. D) we cannot settle a question that is entirely a matter of opinion.
A decrease in interest rates would
A. increase the demand for capital. B. decrease the demand for capital. C. increase the supply of capital. D. None of the choices are true.
The Great Depression was characterized by:
A. the Roaring Twenties. B. accelerated economic growth. C. unemployment exceeding 25 percent. D. firms rapidly expanding their borrowing rates.