The University of Iowa was voted the #1 "party school" in 2013 . The University of Iowa is located in Iowa City. At the end of August each year, the market demand for beer in Iowa City
a. decreases.
b. increases.
c. remains constant, but we observe a movement downward and to the right along the demand curve.
d. remains constant, but we observe a movement upward and to the left along the demand curve.
b
Economics
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If a price ceiling is not binding, then a. there will be a surplus in the market
b. there will be a shortage in the market. c. the market will be less efficient than it would be without the price ceiling. d. there will be no effect on the market price or quantity sold.
Economics
Strategic behavior and game theory are features of which market structure?
A) perfect competition B) monopoly C) monopolistic competition D) oligopoly
Economics