If the United States imports purses, then the quantity of purses produced in the United States will ________ and the quantity of purses purchased by consumers in the United States will ________

The figure above provides information for a factory that produces chemicals that pollute a waterway. The waterway is used by water skiers. If the waterway is owned by a water ski club and the Coase theorem applies, then the factory will produce ________ tons of chemicals a week.

A) 1 ton B) as many tons as possible C) 3 tons D) 5 tons

Refer to Figure 10.9. Other things equal, a positive demand shock is best represented as a change in equilibrium from

A) point A to point B. B) point A to point D. C) point C to point B. D) point C to point D.