Refer to the figure below. There would be an excess supply of 25 at a price of ________. 

Assume that the Cambridge k = 0.25. If the transactions demand for money is equal to $20,000, then income is equal to

A) $20,000. B) $80,000. C) $10,000. D) $5,000.

When economic profits are negative, accounting profits

A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.