The world price of a commodity will settle at the level where
a. supply and demand are equal within each country.
b. the excess demand of the importing country is equal to the excess supply of the exporting country.
c. the excess demand in the exporting country is equal to the excess demand in the importing country.
d. there is no excess demand in the exporting country.
b
Economics
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If the price level last year was 220 and this year is 250, what is the inflation rate between the two years?
A) 30 percent B) 13.6 percent C) 12.2 percent D) 20 percent
Economics
The figure above shows a monopoly firm's demand curve. If the price and quantity of haircuts move from point t to point r, the monopoly's
A) total revenue will rise. B) total revenue will fall. C) total revenue will remain the same. D) marginal revenue will decrease.
Economics