An increase in the demand for computers and a decrease in the number of sellers of computers will definitely ________
A) increase the number of computers bought
B) increase the price of a computer
C) increase the price of a computer and the number of computers bought
D) not change the price of a computer and increase the number of computers bought
B
Economics
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If the market price is at equilibrium, the deadweight loss is maximized
Indicate whether the statement is true or false
Economics
A typical 50-year-old male earns: a. one-third more than a male in his early 20s
b. nearly twice the income of a male in his early 20s. c. one-third less than workers over 65. d. nearly twice the income of workers over 65.
Economics