If the price of marketable permits is kept very high, _____
a. the quantity of pollution in the economy will increase
b. a network externality will arise
c. firms will adopt more efficient pollution abatement equipment
d. environmental groups will start selling additional permits in the market
e. firms will have a greater incentive to pollute
c
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Refer to Table 3-3. The table contains information about the sorghum market. Use the table to answer the following questions
a. What are the equilibrium price and quantity of sorghum? b. Suppose the prevailing price is $6 per bushel. Is there a shortage or a surplus in the market? c. What is the quantity of the shortage or surplus? d. How many bushels will be sold if the market price is $6 per bushel? e. If the market price is $6 per bushel, what must happen to restore equilibrium in the market? f. At what price will suppliers be able to sell 36,000 bushels of sorghum? g. Suppose the market price is $14 per bushel. Is there a shortage or a surplus in the market? h. What is the quantity of the shortage or surplus? i. How many bushels will be sold if the market price is $14 per bushel? j. If the market price is $14 per bushel, what must happen to restore equilibrium in the market?
According to economic theory, a rising money supply influences stock prices through a(n) __________ in the __________ stock
A) increase; demand for B) decrease; demand for C) increase; supply of D) decrease; supply of