In the figure above, suppose the economy is initially at point B. If people come to believe that the exchange rate will fall in the future, the supply of dollars ________ and the market moves to point such as ________

A) decreases; A
B) decreases; E
C) increases; D
D) increases; C

D

Economics

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All of the following are possible characteristics of oligopoly except

a. free entry into the industry. b. significant economies of scale. c. interdependence among sellers. d. homogeneous product.

Economics

Refer to the graph shown. The free market equilibrium in the graph is at a price and quantity of:

A. $3.50 and 2,000 units. B. $2.50 and 2,600 units. C. $5.00 and 2,600 units. D. $3.50 and 3,100 units.

Economics