If the consumption function is given by C = 100 + .6(Y-T) and planned investment is 150, government spending is 50, and T is 100, then equilibrium income is

The figure above shows a labor market. If this labor market is perfectly competitive, employment is

A) 0 hours per week. B) 50 hours per week. C) 100 hours per week. D) 150 hours per week.

Suppose N consumers each have an identical demand curve for a good is given by Q = a - bp, where Q is the quantity demanded, p is the price, and a and b are positive constants

What is the market demand curve? Is the slope (in price) of the market demand greater or less than the slope of each individual demand curve?