Suppose the market for shoes consists of three consumers. The accompanying table shows the quantity demanded at various prices for each consumer:PricePer PairPairs Demandedby PatPairs Demandedby LeighPairs Demandedby Chris$100010$75031$50173$302105 What is the market demand for shoes when the price is $50 a pair?
A. 15 pairs
B. It will depend on the quantity supplied when the price is $50 a pair.
C. 7 pairs
D. 11 pairs
Answer: D
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Banks help savers find productive uses for their funds because banks are specialized in:
A. evaluating the riskiness of stocks. B. securing government guarantees for loans. C. obtaining preferential tax treatment for savers. D. gathering information about and evaluating potential borrowers.
Distinguish between saving and savings. How does investment relate to this distinction, if at all?
What will be an ideal response?
When a temporary negative supply shock hits the economy ________
A) the divine coincidence does not always hold B) the divine coincidence holds in the short-run C) the divine coincidence does not hold in the long-run D) all of the above E) none of the above
It is easy to sign contracts for gym membership, but if one rarely goes to the gym a gap exists between _______ and behavior
a. Resources b. Values (hope) c. Attitudes d. Ethics