A surplus exists in the market for Barbie dolls at the prevailing price. The surplus will be eliminated by a price:
a. increase, decreasing the supply and increasing the demand
b. decrease, decreasing the supply and increasing the demand.
c. decrease, increasing the quantity supplied and increasing the quantity demanded.
d. decrease, decreasing the quantity supplied and increasing the quantity demanded.
d
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Results of research conducted regarding the Moving to Opportunity program found that
A) living in a good neighborhood helps keep people out of jail. B) people who live in wealthier neighborhoods are safer than people who live in poorer neighborhoods. C) living in a good neighborhood improves test scores in schools. D) living in a good neighborhood guarantees economic self-sufficiency.
If a firm is earning just enough to cover all its economic profits does that mean it's not making a profit?
What will be an ideal response?