Suppose you own a store that sells computers. You have determined that the demand function for your computers is Qd = D(P) = 900 - 3P. At what price would you sell the computers if you wanted to sell 60 of them?

Suppose the Ricardian Equivalence proposition holds (i.e., it is correct). What does this imply about the ability of fiscal policy to affect GDP? Explain

What will be an ideal response?

Markets tend to

A. increase transaction costs. B. make exchange more difficult. C. reduce transaction costs. D. exist primarily in towns or cities.