Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and hamburgers have the same marginal utility. Thus
A) her total utility from all the hot dogs eaten must be the same as her total utility from all the hamburgers eaten.
B) the price of a hot dog and the price of a hamburger must be the same.
C) she must be eating the same number of hot dogs and hamburgers.
D) Both answers B and C are correct.
B
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
The above figure shows the market for steel ingots. If the market is competitive, then the competitive market level of output is
A) 100 units. B) 150 units. C) 50 units. D) 300 units.
A health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40 . Using the method of average values, the price elasticity of demand for memberships at this health club is
a. 6.00 b. 0.10 c. 1.00 d. 0.25 e. 0.83
The expectation of higher prices in the near future will lead to a(n) _________ in supply at the present time.
Fill in the blank(s) with the appropriate word(s).