If tablet computers are considered substitutes for e-readers, the decline in the price of e-readers would, all else equal,
A) increase the demand for tablet computers.
B) decrease the demand for tablet computers.
C) increase the quantity of tablet computers demanded.
D) decrease the quantity of tablet computers demanded.
Answer: B) decrease the demand for tablet computers.
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Which of the following statements about the loanable funds market is correct?
a) The actions of investors affect the supply curve in the market. b) The actions of investors affect the demand curve in the market. c) The actions of savers affect the demand curve in the market. d) The actions of investors affect both the demand curve and the supply curve in the market.
Under a Cournot duopoly, the collusion curve represents:
A) all possible allocations of the pure monopoly quantity among the two firms in the duopoly. B) all possible allocations of the pure monopoly quantity that would be possible if the two firms in the duopoly did not cooperate. C) all optimal price-quantity outcomes for a cartel rather than a Cournot duopoly. D) the potential profits to be earned by firms in a collusive cartel.