As a falling price eliminates a surplus in the jersey market,
A) the demand curve for jerseys shifts leftward, and the supply curve of jerseys shifts rightward.
B) consumers increase the quantity of jerseys they demand.
C) producers increase the quantity of jerseys they supply.
D) producers decrease the quantity of jerseys they supply, and buyers decrease the quantity of jerseys they demand.
E) the demand curve for jerseys shifts rightward, and the supply curve of jerseys shifts leftward.
B
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A risk-neutral individual will make investment decisions purely based on net present value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) net present value is always more than expected utility.
Jason is a salesman who gets 40 percent of the revenue he generates for his company. This is an example of payment by _____
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