A demand curve shows the relationship between:
a. price and quantity demanded.
b. the demand and supply schedules.
c. demand and supply equilibrium.
d. leakages and injections.
e. price and technology.
a
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In which market would the price be least likely to be "sticky"?
A) refrigerators B) steel rods C) trucks D) fresh fruit
The figure above represents the demand and cost functions facing a Brazilian Steel producing monopolist. The Brazilian firm is charging its foreign (U.S.) customers one half the price it is charging its domestic customers
Is this good or bad for the real income or economic welfare of the United States? Is the Brazilian firm engaged in dumping? Is this predatory behavior on the part of the Brazilian steel company?
The new classical model states that a
a. budget surplus will effectively retard inflation that comes from excess demand. b. budget deficit will have no impact on real interest rates. c. budget deficit will increase the real interest rate. d. substitution of debt for tax financing will increase aggregate demand and real output.
Suppose a consumer buy books and DVDs. The price of a book is $10, the price of a DVD is $20 and the consumer's income is $400. If books are measured on the vertical axis and DVDs are measured on the horizontal axis, then the slope of the budget line is
A. 2. B. -2. C. 1/2. D. -1/2.