If consumers believe the price of tablet computers will increase in the future, this will cause the demand for tablet computers to decrease now

Europe had refused to import genetically modified food products. The WTO ruled that:

a. if Europe was afraid of these products, it could put an import ban on them. b. Europe needed to base its ban on scientific evidence rather than because of fear about something unproven. c. Europe could declare a moratorium until an investigation could be undertaken. d. the products could be treated and then they would be safe.

In a competitive market equilibrium the ________ equals the ________ of the last unit sold

A) total profit; marginal benefit B) total cost; marginal cost C) profit; selling price D) marginal benefit; marginal cost