The following equations represent the demand and supply for silver pendants
QD = 50 - 2P
QS = -10 + 2P
What is the equilibrium price (P) and quantity (Q - in thousands) of pendants?
A) P = $20; Q = 15 thousand B) P = $50; Q = 10 thousand
C) P = $10; Q = 30 thousand D) P = $15; Q = 20 thousand
D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Under __________ a borrower gets advance approval from the SEC to issue securities up to a certain amount at an unspecified time in the future
A) advance registration B) pre-registration C) guaranteed registration D) shelf registration
The aggregate supply curve is horizontal in the intermediate range
a. True b. False Indicate whether the statement is true or false
A monopoly firm operates with declining marginal cost. If regulators impose marginal cost pricing, the market will
a. remain a monopoly but behave like a perfectly competitive industry. b. become perfectly competitive. c. be entered by additional firms but will not necessarily become perfectly competitive. d. be exited by the existing firm if the regulators will let the firm leave the market.