If a price floor on coffee is set above the market-clearing price, then
A) the quantity of coffee demanded will decrease.
B) the quantity of coffee supplied will increase.
C) the quantity demanded for coffee will increase.
D) Both A and B will occur
E) none of the above will occur.
D
Economics
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Today's Federal Reserve bank notes promise to pay the bearer
A) nothing. B) a fixed quantity of gold. C) a variable quantity of gold. D) a specific interest rate. E) a variable interest rate.
Economics
Based on the table for the federal tax burden, which group of earners pays about one-quarter of total federal taxes?
a. lowest 20%
b. third 20%
c. fourth 20%
d. top 1%
Economics