If the government offers to reduce your property taxes by 10 percent if you install solar heating for your home, this would be an example of

A) police power.
B) incentives.
C) disincentives.
D) ceteris paribus.

Ans: B) incentives.

Economics

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The above figure shows the market for pizza. The market is in equilibrium when new pizza firms enter the market. What point represents the most likely new price and quantity?

A) A B) B C) C D) D E) E

Economics

Fill in the table. Assume the fixed cost is $2,000.

Economics