Refer to Figure 13-1. Ceteris paribus, an increase in government spending would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

A

Economics

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Refer to the figure above. When the supply curve of flash drives is S2 and the demand curve of flash drives is D, what is the surplus in the market when the price is $7?

A) 0 units B) 10 units C) 20 units D) 40 units

Economics

Which of the following is an example of a quasi-public good?

A) stock of knowledge in the public domain B) crime prevention C) cable television D) organic apples

Economics