For a single-price monopolist to sell one more unit of a good, it must
A) lower the price on just the last unit sold.
B) lower the price on all units sold.
C) raise the price on just the last unit sold.
D) raise the price on all units sold.
B
Economics
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All else equal, an increase in government borrowing is likely to cause a(n):
A) leftward shift of the credit demand curve. B) rightward shift of the credit demand curve. C) downward movement along the credit demand curve. D) upward movement along the credit demand curve.
Economics
The above figure shows the demand curves in four different markets. If each of the markets has an identical upward sloping supply curve and the same tax is levied on suppliers, which market would produce the largest amount of deadweight loss?
A) A B) B C) C D) D E) C and D
Economics