Figure 3-10
illustrates the conditions of demand and supply in the market for compact discs. Indicate the equilibrium price and quantity.
a.
price, $20; quantity, 2,000
b.
price, $15; quantity, 3,000
c.
price, $10; quantity, 2,000
d.
price, $10; quantity, 4,000
b
Economics
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When we look at real GDP since 1970 or so, we see that recessions are evenly spaced over the years.
a. true b. false
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A bank creates money by
A) lending its excess reserves. B) purchasing currency from the Federal Reserve. C) buying bonds from the Federal Reserve. D) printing more checks.
Economics