The slope of the line in the above figure is
A) 8.
B) 0.05.
C) 0.125.
D) 0.10.
C
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Suppose a market were currently at equilibrium. A rightward shift of the demand curve would cause
A) an increase in price but a decrease in quantity. B) a decrease in price but an increase in quantity. C) an increase in both price and quantity. D) a decrease in both price and quantity.
Drug companies tend to attribute higher drug prices on
A. the low percentage of attempts that actually result in revenue producing drugs alone. B. doctors distributing too many free samples. C. the low percentage of attempts that actually result in revenue producing drugs and high litigation costs on drugs that are ultimately shown to be dangerous. D. high litigation costs on drugs that are ultimately shown to be dangerous alone.