At an equilibrium price for gasoline,
a. everyone with the desire and the income to buy gasoline at that price can do so.
b. surpluses are inevitable.
c. inherent market forces will eventually change the quantities demanded and supplied.
d. suppliers must be using the most efficient oil-drilling equipment available.
a
Economics
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Based on the figure above, curve A is the firm's
A) marginal cost curve. B) total cost curve. C) average total cost curve. D) total variable cost curve. E) total fixed cost curve.
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Fully accommodating monetary policy results in
A) a constant interest rate. B) the simple fiscal-policy multiplier of Chapter 3. C) an increase in the money supply when there is a rise in government spending. D) All of these.
Economics