When the price of apples is $3 per bushel, and the quantity demanded is 1,000 bushels,
A) consumers need 1,000 bushels.
B) consumers plan to purchase a total of 1,000 bushels.
C) both A and B are true.
D) none of the above is true.
B
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Script Pro produces robots that are sold to retail pharmacies. Among other things the robotsprint and apply the prescription and auxiliary labels and delivers uncapped vials for final inspection using on-screen drug image verification
The manager of the pharmacy is trying to calm his workers' fear that their jobs are in jeopardy if he starts using these robots. What economic explanation could the manager use to assuage the fears of his employees that their jobs are in jeopardy.
The difference between what a consumer is willing to pay for a product and what she actually pays when buying it is known as
A. consumer surplus. B. price discrimination. C. the exchange rate. D. the inflation rate.