2.5 points QUESTION 15 Which of the following would shift the supply of Florida Oranges to the left? On a hurricane...
Which of the following would shift the supply of Florida Oranges to the right? Group of answer choices A. new chemical allows each orange tree to produce twice as many oranges as before. B. one of the major orange grooves shuts down C. a hurricane in Florida destroying a major part of the crop
QUESTION 33 Profits of a monopoly are driven to zero a. Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly b. In the long run because the assets eventually move from low to high valued use c. In the short run because the demand curve becomes more elastic d. In the long run because the demand curve becomes more inelastic QUESTION 34 Attractive industries have all the following attributes, except a. High supplier power...
QUESTION 14 A rational, optimizing, self-interested consumer would consume a good up to the point where a the consumer surplus from the last unit is positive b. the consumer surplus from the last unit is negative c. the consumer surplus from the last unit is zero od none of the above QUESTION 15 A price elasticity of demand of -0.67 implies a Demand is perfectly elastic b. Demand is unitary elastic c. Demand is inelastic Od. Demand is elastic QUESTION...
pls answer all QUESTION 27 A risk premium is a the difference between the earnings of a low risk asset and a high risk asset b. premium paid to a security holder to compensate him for bearing a higher risk c. both A&B d. none of the above QUESTION 28 How does an increase in the price of laptop memory chips affect the market of laptops? a. The supply curve for laptops shifts to the left b. The demand curve...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption function? a tax decrease an increase in wealth a stock market crash a decrease in the price level expectations of higher future income Question 26 (2.5 points) According to supply-side economists, the by curve will shift to the caused AD; right; more investment AD; left; more saving AS; right; more investment AS; left; more saving money supply; right; lower interest rates Question 28 (2.5...