We cannot predict the effect on the equilibrium quantity, but know that the market clearing price will decrease when
A. supply decreases and at the same time demand increases.
B. supply increases and at the same time demand decreases.
C. supply decreases and demand decreases.
D. supply increases and demand increases.
Answer: B
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Which of the following is NOT necessary for price discrimination to occur?
A) The firm must be able to separate the market into identifiable groups. B) The firm must be selling a durable good. C) The firm must have a downward sloping demand curve. D) The firm has to be able to prevent resale of the product or service.
The slope of the consumption function equals the marginal propensity to consume.
a. true b. false
Demand-pull inflation can be the result of
A. a decrease in the Z factors. B. an increase in net taxes. C. a decrease in government spending. D. all of the above.
You have just been named President and Chief Executive Officer at the StrideRite Shoe Corporation. This appointment places you in the role of ________ to lower managers and ________ to the stockholders
A) principal; principal B) principal; agent C) agent; principal D) agent; agent