An unusually warm winter shifts the
A) supply curve of gloves rightward.
B) supply curve of gloves leftward.
C) demand curve for gloves rightward.
D) demand curve for gloves leftward.
D
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The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $800, how many apartment units are rented?
A) 2,000 B) 3,000 C) 4,000 D) None of the above answers is correct.
In contrast to the earlier neoclassical models of economic growth, in endogenous growth models, there is more emphasis on
a. human capital. b. externalities. c. increasing returns to scale. d. all of the above.
In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero
a. True b. False Indicate whether the statement is true or false
Regulation of monopolies is justified on the ground that a monopolist sells too less at a too high price
a. True b. False Indicate whether the statement is true or false