Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $3?

For a market to be considered perfectly competitive, there should be a minimum of 1,000 firms

Indicate whether the statement is true or false

The four components of aggregate expenditures are:

A. consumption, imports, government spending, and net exports. B. consumer durables, investment, government spending, and net exports. C. consumption, investment, government spending, and net exports. D. consumption, interest payments, government spending, and net exports.