Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store the owners of the store should
a. Increase the prices on the goods sold in the store
b. Increase the parking rates
c. All of the above
d. None of the above
d
Economics
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If prices of both horizontal and vertical goods decrease by 50%,
A) budget constraint will be unchanged. B) slope of the budget constraint will increase. C) slope of the budget constraint will decrease. D) budget constraint will shift outward in a parallel fashion.
Economics
Refer to the below graph of the representative firm in monopolistic competition. The long-run equilibrium price and output for this firm will be:
A. A and C
B. B and D
C. A and D
D. B and C
Economics