When the price curve is a horizontal line, it always coincides with all of the following except
a. MR
b. TR/Q
c. AR
d. change in total revenue divided by change in output
e. TC
E
Economics
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Economics
Which of the following situations will cause the supply of British pounds to rise in the foreign exchange market?
a. The price level in the United States rises faster than the price level in the United Kingdom. b. The real GDP in the United States grows while the real GDP in the United Kingdom remains constant. c. The interest rate in the United Kingdom falls while the interest rate in the United States remains constant. d. The tax rate in the United States rises while the tax rate in the United Kingdom does not change.
Economics