If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________

A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases

B

Economics

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The discount rate is the interest rate

A) paid on time deposits. B) paid on funds banks borrow from other banks. C) paid on funds that depository institutions borrow from the Federal Reserve. D) that banks charge their "best" customers.

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In a graph, a line has a negative slope if

A) the line is vertical. B) the line is horizontal. C) the line rises from right to left. D) the line rises from left to right.

Economics