If the profit-maximizing markup factor in a three-firm Cournot oligopoly is 2, what is the corresponding market elasticity of demand?

Changes in which of the following shifts the aggregate supply curve? i. the price level ii. the money wage rate iii. potential GDP

A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii

When government intervenes in a competitive market by imposing an effective price ceiling, we would expect the quantity supplied to ________ and the quantity demanded to ________

A) fall; rise B) fall; fall C) rise; rise D) rise; fall