How has the growing popularity of factory outlet stores affected the market for clothing at retail department stores?
A) the supply curve for clothing at retail department stores shifts to the left.
B) the demand curve for clothing at retail department stores shifts to the right.
C) the supply curve for clothing at retail department stores shifts to the right.
D) the demand curve for clothing at retail department stores shifts to the left.
D
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An individual with good job prospects who is between jobs is best considered as
A) structurally unemployed. B) cyclically unemployed. C) not in the labor force. D) frictionally unemployed.
Which of the following statements is the MOST accurate? In general
A) the monetary approach to the exchange rate is a long run theory. B) the monetary approach to the exchange rate is a short run theory. C) the monetary approach to the exchange rate is both a short and long run theory. D) the monetary approach to the exchange rate neither long run nor short run theory. E) the monetary approach to the exchange rate is considered less practical than the law of one price.
A movie monopolist sells to students and adults. The demand function for students is QdS = 600 - 100P and the demand function for adults is QdA = 1,200 - 100P. The marginal cost is $2 per ticket. Suppose the movie theater cannot price discriminate. What is the monopolist's profit from both students and adults?
A. $2,500 B. $4,950 D. $50
When the price of a good rises, there is
A) an increase in supply. B) a decrease in supply. C) a decrease in quantity supplied. D) an increase in quantity supplied.