The manufacturer of South Face sells jackets to retail stores for $120 each, and it requires the retail stores to charge customers $150 per jacket. Any retailer that charges less than $150 would violate its contract with South Face. What do economists call this business practice?

An increase (rightward shift) in the demand for a good will tend to cause a. an increase in the equilibrium price and quantity

What will be an ideal response?

According to the graph shown, if this were depicting an autarky, the equilibrium price would be:

This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.

A. $10.
B. $14.
C. $17.
D. $4.