If the price of wireless earbuds increases, then there will be ________ of wireless earbuds.
A. a decrease in the supply
B. an increase in the supply
C. a decrease in the quantity supplied
D. an increase in the quantity supplied
Answer: D
Economics
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Approximately 50,000 luxury boats (priced $100,000 or more) are currently produced each year. Using the economic way of thinking, how much revenue would the government actually generate with a $10,000 excise tax on luxury boats?
a. $500 million b. less than $500 million c. more than $500 million d. approximately $5 billion
Economics
If a retail food chain merged with a meat packing company, this would be an example of a
A) horizontal merger. B) conglomerate merger. C) vertical merger. D) diagonal merger.
Economics