Refer to the above table. The equilibrium price of tablets is

A. $500.
B. $550.
C. $650.
D. $700.

Answer: B

Economics

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If the government ran a major deficit, and there was no noticeable effect on the level of GDP, this could be taken as evidence of

A. crowding-in. B. structural deficit. C. crowding-out. D. monetary policy ineffectiveness.

Economics

Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$10$22104310641085101061014What is the value of producer surplus in the table above?

A. $6 B. $20 C. $54 D. $12

Economics