A seller is willing to sell 5 units of a good at a minimum price of $1 per unit. The reservation value of the seller in this case is:

A maximum legal price that may be charged for a particular good or service is known as a

A) price floor. B) price ceiling. C) black market. D) price support.

The first year of the Bush administration in 2001 could be represented as a(n)

a. increase in the aggregate demand curve. b. decrease in the aggregate demand curve. c. increase in the aggregate supply curve. d. decrease in the aggregate supply curve.