If the electronics market is experiencing a shortage in the supply of mobile phones being sold at a cost that buyers are more than willing to pay for, then:
a. the selling price is higher than the equilibrium price
b. the equilibrium price is higher than the selling price.
c. the quantity demanded is less than the quantity supplied.
d. the shortage could be eliminated by lowering the price.
b
Economics
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If American college students decide that drinking Mexican-brewed beer helps one get noticed, net exports will tend to fall, causing aggregate demand to ________ and the ________ curve to shift to the left, everything else held constant
A) fall; LM B) fall; IS C) rise; LM D) rise; IS
Economics
The demand for foreign currency in the United States is a
A) direct demand. B) derived demand based on the demand for U.S. products. C) derived demand based on the demand for foreign products. D) direct demand based on the demand for U.S. dollars.
Economics