A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. If the market maker bought and sold at the equilibrium price, what is his profit

With an increase in the real interest rate, consumption and real gross domestic product will most likely change in which of the following ways?

A) Increase/Increase B) Increase/Decrease C) Decrease/Increase D) Decrease/Decrease E) No change/Increase

Refer to the diagram. In the P 3 P 4 price range, demand is:

A. of unit elasticity.
B. relatively inelastic.
C. relatively elastic.
D. perfectly elastic.