For a competitive equilibrium to occur, all of the following has to happen except
A) agents are price takers.
B) the government sets taxes at zero.
C) markets clear.
D) the actions of all agents are consistent.
B
Economics
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At $30 each, Jack will buy 1 Blu-ray and at $25, he will purchase 2 . If the price is $25, Jack's consumer surplus is: a. $5
b. $10. c. $15. d. $20.
Economics
The effect of an increase in the government budget deficit on the equilibrium level of GDP is essentially the same as a(n):
A. Decrease in saving B. Increase in saving C. Decrease in consumption D. Decrease in investment
Economics