Refer to the figure above. What is the initial equilibrium quantity of the good?
A) 20 units
B) 30 units
C) 35 units
D) 50 units
A
Economics
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The form of public debt that matures in 2 to 10 years is the
a. Treasury bond b. Treasury bill c. Treasury note d. U.S. savings bond e. U.S. savings bill
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Opportunity costs are
A) objective because they can always be put in monetary terms. B) objective because specific things are given up when making a choice. C) subjective because each person decides the value of the foregone alternative. D) subjective because it is impossible to put a monetary value on foregone alternatives.
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