In the graph shown above at a price of $4.50
A. there is a shortage.
B. there is a surplus.
C. there is a both a shortage and a surplus.
D. there is neither a shortage nor a surplus.
D. there is neither a shortage nor a surplus.
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What does it mean to say that workers and firms have rational expectations?
What will be an ideal response?
In a pure flexible exchange rate system, deficits and surpluses in the balance of payments: a. are accommodated by financial borrowings. b. are accommodated by reserve movements. c. tend to disappear automatically
d. either b. or c.
The rent earned on marginal land is
a. zero. b. the average of all qualities of land. c. above the average of all qualities of land. d. below the average of all qualities of land.
On a graph for the Gini Coefficient, perfect inequality would be represented by the equation ______.
a. G = -1 b. G = 0 c. G = 1 d. G = 100