A shift in the demand curve for sailboats resulting from an increase in incomes will lead to
a. higher prices of sailboats.
b. lower prices of sailboats.
c. a corresponding shift in the supply curve for sailboats.
d. lower output of sailboats.
e. no change in the price of sailboats.
a
Economics
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Which of the following can eliminate the inefficiency inherent in monopoly pricing?
a. arbitrage b. cost-plus pricing c. price discrimination d. regulations that force monopolies to reduce their levels of output
Economics
Refer to the table above. If gross investment is $12 billion, the equilibrium level of GDP will be:
Refer to the table above. If gross investment is $12 billion, the equilibrium level of GDP will be:
A. $260 billion
B. $270 billion
C. $280 billion
D. $290 billion
Economics