Other things being equal, a fall in the price of Coca?Cola will increase the quantity of Coca?Cola demanded
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Suppose a risk-neutral power plant needs 10,000 tons of coal for its operations next month. It is uncertain about the future price of coal. Today it sells for $60 a ton but next month it could be $50 or $70 (with equal probability). How much would the power plant be willing to pay today for an option to buy a ton of coal next month at today's price? (Ignore discounting over the short period of a
month.) a. 5 b. 4 c. 3 d. 0
Economics
Voluntary agreements about cleaning up pollution attempt to
A) internalize externalities. B) internalize private costs. C) externalize social costs. D) externalize private costs.
Economics