If there is a technological advance that reduces the cost of producing x-ray machines, then we can say that the:
a. quantity demanded of x-ray machines will increase
b. demand for x-ray machines will increase
c. quantity supplied of x-ray machines will increase
d. supply of x-ray machines will decrease
e. none of the above
Answer: e. none of the above
Economics
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Refer to the figure above. What is the equilibrium wage rate and employment level after the labor demand curve shifts to LD2?
A) $50 and 50 units of labor B) $40 and 30 units of labor C) $20 and 40 units of labor D) $10 and 60 units of labor
Economics
Which of the following is one of the most widely followed stock indexes in the United States?
A) the Fortune 500 B) the Securities and Exchange Commission C) the Dow Jones Industrial Average D) the Chicago Mercantile Exchange
Economics