Refer to the figure below. If the price is $4 today and there is no change in either supply or demand, one would expect the price in the future to be:
A. greater than $6.
B. $4.
C. less than $4.
D. greater than $4.
Answer: D
Economics
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Induced taxes are defined as taxes
A) that vary with real GDP. B) enacted by Congress that explicitly state the amount to be paid. C) we are forced to pay for services from the government. D) that rise in recessions and fall in expansions. E) that are avoided with the use of legal tax shelters.
Economics
Refer to the accompanying table. Corey's opportunity cost of delivering of a pizza is making: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 6 pizzas. B. 2 pizzas. C. 1/2 of a pizza. D. 12 pizzas.
Economics