If Debbye is willing to pay $50 for a pair of shoes but only has to pay $20 because the shoes are on sale, then her consumer surplus on that pair of shoes is

a. $50
b. $20
c. $70
d. $30
e. $25

D

Economics

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Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate

A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease

Economics

A ________ is a governance structure where owners are not personally liable

A) sole proprietorship B) partnership C) mixed enterprise D) corporation

Economics