The graph illustrates the market for bottled water. If the producers of bottled water switch to using improved technology, then the
A) supply of bottled water decreases.
B) quantity demanded of bottled water increases.
C) quantity demanded of bottled water does not change.
D) price of bottled water rises.
E) supply curve shifts leftward.
B
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Consider a market in which there is an external cost. A tax can be used to arrive at the efficient market equilibrium because the tax will
A) decrease supply of the good. B) increase supply of the good. C) decrease demand for the good. D) increase demand for the good.
The unemployment rate equals
a. (number of people without a job ÷ population)× 100. b. (number of people unemployed ÷ population) × 100. c. [(working-age population - number of people employed) ÷ labor force] × 100. d. (number of people without a job ÷ working-age population) × 100. e. (number of people unemployed ÷ labor force) × 100.