Which of the following factors is likely to lead to an increase in the quantity demanded of pens?
A) A fall in the price of paper B) A fall in the incomes of all consumers
C) A rise in the incomes of all consumers D) A fall in the price of pens
D
You might also like to view...
The Brooks Appliance Store and the Lefingwell Appliance Store (both are located in the same city) each sell an identical washer-dryer pair. The owner of each store considered offering the washer-dryer pair for $700, but decided on a price of $500
If this is a Nash equilibrium we can conclude that A) the owners of the stores feared that charging $700 could be used as evidence of collusion. B) charging $500 was the most profitable strategy for each store, regardless of what price was charged by the other store. C) the stores were less concerned about making a profit from the washer-dryer pair than they were with attracting customers who would also buy other appliances. D) each store owner feared charging the higher price would result in being undercut by the other store charging the lower price.
In 2001 the United States and its NATO allies dropped millions of dollars' worth of bombs on Afghanistan. These bombs and the aircraft from which they were dropped
a. were netted out of GDP. b. increased GDP and increased personal welfare. c. decreased GDP and decreased personal welfare. d. were added to GDP.
If the quantity of a good demanded by a typical consumer increases in response to the growth in purchases of other consumers,
A. a negative network externality is present. B. a network externality is absent. C. a network externality can be positive or negative D. a positive network externality is present.
A bank account pays 4% interest per year. If you deposit $1,000 into this account at the start of each year for three years, how much will your account balance be at the end of three years?
A. $3,122 B. $3,246 C. $3,600 D. $4,206