According to the above table, at a price of $16 per earbud, there is
A. a shortage of 1500 earbuds.
B. a shortage of 3000 earbuds.
C. an equilibrium.
D. a surplus of 3000 earbuds.
Answer: D
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Refer to the above figure. The profit maximizing price for a monopolistic competitor is
A) P1. B) P2. C) P3. D) P4.
Using the concentration ratio to measure the degree of competition
A) may understate the degree of competition because it ignores imported goods. B) may overstate the degree of competition because it ignores imported goods. C) may overstate the degree of competition because inter-industry competition is ignored. D) may understate the degree of competition because market share changes annually.
A stock that has a price of $20 per share, earnings per share of $2.00, and a dividend of $1.50 will have
A) a PE ratio of 20/1.50. B) a yield of 7.5 percent. C) a yield of 12 percent. D) a PE ratio of 1.333.
Because of time lags, automatic stablizers are
A. have no effect on real GDP at all. B. more effective than discretionary fiscal policy in stablizing real GDP. C. equally effective as discretionary fiscal policy in stablizing real GDP. D. less effective than discretionary fiscal policy in stablizing real GDP.