An increase in the price of MP3 players will result in
A) a smaller quantity of MP3 players supplied.
B) a larger quantity of MP3 players supplied.
C) a decrease in the demand for MP3 players.
D) an increase in the supply of MP3 players.
Answer: B
Economics
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Long-run aggregate supply curve corresponds to
A) real GDP when the economy is above full employment. B) real GDP when the economy is at full employment. C) the economy outside its production possibilities curve. D) the economy inside its production possibilities curve.
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Special-interest legislation is characterized by
a. concentrated costs and concentrated benefits b. concentrated benefits and widespread costs c. widespread benefits and widespread costs d. widespread benefits and concentrated costs e. zero costs
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