Transfer prices can be set in such a way so as to maximize profits for an entire business

The supply and demand schedules for dozens of roses are given below: Price__ Quantity S per period__ Quantity D per period $10________ 200_______________ 500 $20________ 300_______________ 450 $30________ 400_______________ 400 $40________ 500_______________ 350 $50________ 600_______________ 300 The equilibrium price for a dozen roses is

A) $30. B) $50. C) $20. D) $10. E) $40.

When the economy responds to a supply shock, there is ________ in the short run and ________ in the long run between inflation and unemployment

A) an inverse relationship; no trade-off B) no trade-off; an inverse relationship C) an inverse relationship; an inverse relationship D) no trade-off; no trade-off