Consider the same market for nonalcoholic beer as in the previous question. Cudweiser's response function is

a. QB = 2,000 ? .5QC
b. QB = 1,500 ? .5QC
c. QC = 2,000 ? .5QB
d. QC = 1,500 ? .5QB

c

Economics

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Price ceilings set below the equilibrium create:

a. externalities. b. unemployment. c. shortages. d. surpluses.

Economics

Which of these is an example of a contractionary fiscal policy?

a. A decrease in the sales tax rate b. An increase in unemployment insurance c. An increase in the excise tax rate d. A decrease in import duty

Economics