Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, if the market quantity supplied is 350, the price must be

A) $10. B) $20. C) $30. D) $40.

Economics

Refer to Figure 3-4. At a price of $20, how many units will be sold?

A) 400 B) 500 C) 600 D) 800

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Economics

When expectations of inflation are revised downward, the short-run Phillips curve: a. shifts rightward. b. becomes steeper. c. shifts leftward

d. becomes flatter.

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Economics