Consumption:
A. is a major component of aggregate demand.
B. is negatively related to the national price level.
C. measures people's expenditures on real goods and services.
D. All of these are true.
D. All of these are true.
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Refer to the table above. Assume that the market for notebooks is in equilibrium. Which of the following is likely to happen if a few sellers of notebooks decide to exit the market, everything else remaining unchanged?
A) Both the equilibrium price and quantity of notebooks remain unchanged. B) Both the equilibrium price and quantity of notebooks decrease. C) The equilibrium price of notebooks increases, but the equilibrium quantity decreases. D) The equilibrium price of notebooks decreases, but the equilibrium quantity increases.
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. Figure 13.10 Refer to Figure 13.10. The monopoly profit-maximizing number of subscribers and price are ________ and ________, respectively.
A. 800; $15. B. 2,500; $12. C. 1,000; $16. D. 2,200 $13.