Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,

A. initially increases, then decreases.
B. increases.
C. remains constant.
D. decreases.

Answer: B

Economics

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Answer the question using the table. Figures are in billions of dollars. The equilibrium interest rate and quantity of loanable funds demanded and supplied in this market will be

A. 12 percent and $22 billion. B. 14 percent and $26 billion. C. 10 percent and $18 billion.

Economics

If a new tax policy relatively raises the tax rate 2.5 percent but causes the output supplied to fall by 15 percent, the absolute value of the tax elasticity of supply is

A. 1.5. B. 6.0. C. 37.5. D. 0.375.

Economics