Refer to the figure above. If the price is $4 today, and if there are no other changes in this market, one would expect the price in the future to be:
A.$4.
B.less than $4.
C.greater than $6.
D.greater than $4.
A.$4.
B.less than $4.
C.greater than $6.
D.greater than $4.
Refer to Figure 4-3. All else equal, a sale on chicken would cause a move from
A、DA to DB.
B、DB to DA.
C、x to y.
D、y to x.
Refer to Figure 5-1. The efficient scale of production occurs at which quantity?
A、A
B、B
C、C
D、D
Refer to Figure 1-5. Over which range is the supply curve in this figure the most elastic?
A、$16 to $40
B、$40 to $100
C、$100 to $220
D、$220 to $430
Refer to Figure 1-2. The demand curve representing the demand for a luxury good with several close substitutes is
A、A
B、B
C、C
D、D
A.$7.
B.$9.
C.$10.
D.$11.
Refer to Figure 4-2. At a price of $4, there is a
A、surplus of 3 units.
B、surplus of 6 units.
C、shortage of 3 units.
D、shortage of 6 units.
A.$5.
B.$7.
C.$9.
D.$11.
Refer to Figure 4-2. What is the equilibrium price in this market?
A、$0
B、$5
C、$7.50
D、$10
Refer to Figure 4-4. Which of the following movements would illustrate the effect in the market for kitchen cabinets of an increase in the price of wood?
A、Point A to Point B
B、Point C to Point B
C、Point C to Point D
D、Point A to Point D
Refer to Figure 4-3. All else equal, the premature deaths of thousands of turkeys would cause a move from
A、DA to DB.
B、DB to DA.
C、x to y.
D、y to x.
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