At the twenty-fifth anniversary of the Woodstock Festival in 1994, there were many vendors who sold tie-dyed t-shirts. No matter where one went, each vendor was selling these t-shirts for $15 a piece. Which market structure model would best characterize such a situation?

In the figure above, the leftward shift from the demand for loanable funds curve DLF1 to the demand for loanable funds curve DLF3, could be the result of

A) the economy entering an expansion. B) the economy entering a recession. C) an increase in interest rates during an economic expansion. D) a decrease in interest rates during an economic recession. E) a government budget surplus.

Why do the owners of good-quality used cars stay away from the market for used cars?

What will be an ideal response?