Assume Bill's income to spend on the two goods in the graph shown is $48, and movie tickets cost $8. If Bill's budget constraint is one of the lines in the graph, which one must it be?

In a perfectly competitive market that is in long-run equilibrium, a permanent leftward shift in the market demand curve

A) raises the price in the short run. B) raises profits in the short run. C) leads to new firms entering the market in the long run. D) lowers the price at first but then raises it as firms leave the market.

Although the dominance of ________ over ________ is clear in all countries, the relative importance of bond versus stock markets differs widely

A) financial intermediaries; securities markets B) financial intermediaries; government agencies C) government agencies; financial intermediaries D) government agencies; securities markets