Because of the "lemons problem" the price a buyer of a used car pays is
A) equal to the price of a lemon.
B) less than the price of a lemon.
C) equal to the price of a peach.
D) between the price of a lemon and a peach.
D
Economics
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Everything else held constant, if workers expect an increase in inflation, ________ aggregate supply ________
A) long-run; increases B) long-run; decreases C) short-run; decreases D) short-run; increases
Economics
Rubin's Classic Book Shop has been advised that raising prices would lead to higher revenues because his product demand is elastic. The consultant giving this advice should be fired for bad information
Indicate whether the statement is true or false
Economics