PriceQuantity SuppliedQuantity Demanded$00300$110250$250180$390150$4120120$515090$618050 Refer to Table 6.1, which gives the daily supply and demand schedules for cups of coffee at a kiosk in a shopping mall. If there is no tax placed on coffee, how many cups of coffee will be bought and sold?

Refer to Figure 29-1. Currency speculators believe that the value of the euro will decrease relative to the dollar. Assuming all else remains constant, how would this be represented?

A) Supply would increase, demand would increase and the economy moves from D to A to B. B) Supply would decrease, demand would increase and the economy moves from A to D to C. C) Supply would increase, demand would decrease and the economy moves from C to B to A. D) Supply would decrease, demand would decrease and the economy moves from B to C to D.

If the price of bread were zero, a budget line between bread (on the vertical axis) and cheese (on the horizontal axis) would

a. not exist b. be vertical c. coincide with the vertical axis d. be horizontal e. coincide with the horizontal axis