Marginal revenue is less than price for
A) all price searchers.
B) all price takers.
C) price searchers who can't restrict price reductions to the new purchases they want to attract.
D) sellers who face inelastic demand curves.
C
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Suppose an economics forecaster discovers that on days when the sunspot count is high stock market on the following day is bullish, that is stock market prices edge upwards
In addition, he also observes that on days with a low sunspot count the following day the stock market tends to be bearish, that is stock market prices tend to fall. The forecaster then concludes that there is a positive relationship between the sunspot count and stock market prices and proceeds to base his investment decisions on this premise. What kind of an error has this forecaster made?
In the Keynesian model, which curve is vertical?
A) LRAS B) SRAS C) AD D) NS