When a tax is placed on the sellers of cell phones, the size of the cell phone market
a. and the price paid by buyers both increase.
b. increases, but the price paid by buyers decreases.
c. decreases, but the price paid by buyers increases.
d. and the price paid by buyers both decrease.
c
Economics
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Which of the following is most frequently used when the Fed is attempting to adjust the money supply?
a. Changing reserve requirements b. Open market operations c. Changing the discount rate d. Moral suasion
Economics
The revenue received from the sale of an additional unit of a product
A) is a marginal benefit to the firm. B) is called profit. C) is called gross sales. D) is called a net gain.
Economics