The demand curve shows the relationship between:

A. money income and quantity demanded.
B. price and production costs.
C. price and quantity demanded.
D. consumer tastes and quantity demanded.

Answer: C

Economics

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Refer to the figure above. The deadweight cost of the tariff equals

A) $10,000. B) $25,000. C) $50,000. D) cannot be calculated without further information.

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Unions can only achieve wage gains by sacrificing employment

a. True b. False Indicate whether the statement is true or false

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