The marginal revenue curve for a single-price monopoly
A) is horizontal.
B) is upward sloping.
C) lies above the market demand curve.
D) lies below the market demand curve.
D
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Suppose that when the price of oranges is $3 per pound, the quantity demanded is 4.7 tons per day and the quantity supplied is 3.9 tons. In this case:
A. excess demand will lead the price of oranges to rise B. excess supply will lead the price of oranges to rise C. excess supply will lead the price of oranges to fall D. excess demand will lead the price of oranges to fall
Explain how the price system eliminates a surplus
What will be an ideal response?
Aggregate output is ________ related to autonomous consumer expenditure, and is ________ related to planned investment spending
A) negatively; negatively B) negatively; positively C) positively; negatively D) positively; positively
Other things being equal, a fall in the price of Coca?Cola will increase the quantity of Coca?Cola demanded
a. True b. False Indicate whether the statement is true or false