Refer to the figure above. What is the domestic price of pens in Lithasia?

A) $1
B) $2
C) $3
D) $6

C

Economics

You might also like to view...

Which of the following changes would tend to increase measured income inequality? a. An increasing proportion of retired people in the population

b. An increase in the number of divorced people. c. An increasing proportion of high income earning women marry high income earning men. d. All of the above

Economics

The constant velocity of money in the quantity equation implies that any increase in the money supply has to lead directly to:

A. a decrease in P. B. an increase in P. C. an increase in V. D. an increase in Y.

Economics