As the price of a good rises: A.more firms can cover their opportunity costs of producing the good. B.firms earn larger profits. C.government regulation becomes more justified. D.firms find they can raise price by even more. 正确答案：more firms can cover their opportunity costs of pr … 阅读详情>> "As the price of a good rises:"

Supply curves are generally _ sloping because _. A.downward; more consumers will buy the good if the price falls. B.upward; of inflation. C.downward; it is less expensive to mass-produce goods. D.upward; of the principle of increasing opportunity costs. 正确答案：upward; of the princi … 阅读详情>> "Supply curves are generally _ sloping because _."

Last summer, real estate prices in your town soared. You started noticing more “For Sale” signs in your neighbors’ yards. You conclude that: A.people don’t like to live in your neighborhood anymore. B.the demand curve for housing in your town has shifted to the left while supply … 阅读详情>> "Last summer, real estate prices in your town soared. You started noticing more “For Sale” signs in your neighbors’ yards. You conclude that:"

Jessica’s marginal cost for producing a pitcher of lemonade is $0.25. Therefore, $0.25 can also be called her: A.reservation price. B.marginal revenue. C.producers surplus. D.equilibrium price. 正确答案：reservation price.

Suppose that the market price for hot dogs sold by street vendors has just risen from $4.50 to $5, and that Curly has now begun operating a hot dog cart. We can assume that: A.Curly’s reservation price is $5.00 or more. B.Curly’s reservation price is exactly $5. C.Curly’s reserva … 阅读详情>> "Suppose that the market price for hot dogs sold by street vendors has just risen from $4.50 to $5, and that Curly has now begun operating a hot dog cart. We can assume that:"

A seller’s reservation price is generally equal to: A.the market price. B.the seller’s marginal benefit. C.the seller’s opportunity cost. D.the buyer’s reservation price. 正确答案：the seller’s opportunity cost.

A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because: A.price will never change. B.demand will never change. C.quantity will never change. D.at any price other than equilibrium, forces in the market move … 阅读详情>> "A market comprised of a downward-sloping demand curve that intersects an upward-sloping supply curve is said to be stable because:"

Which of the following is NOT a characteristic of a market in equilibrium? A.All consumers are able to purchase an amount equal to their quantity demanded. B.The equilibrium price is stable, i.e., there is no pressure for it to change. C.Excess supply is zero. D.Excess demand is … 阅读详情>> "Which of the following is NOT a characteristic of a market in equilibrium?"

A market in disequilibrium would feature: A.a stable quantity. B.either excess supply or excess demand. C.consumers able to purchase all they wish at the market price. D.a stable price. 正确答案：either excess supply or excess demand.

The equilibrium price and quantity of any good or service is established by: A.only demanders. B.government regulations. C.both demanders and suppliers. D.only suppliers. 正确答案：both demanders and suppliers.

A shortage occurs when: A.the equilibrium price is too high. B.quantity supplied exceeds quantity demanded. C.quantity demanded exceeds quantity supplied. D.demand is greater than supply. 正确答案：quantity demanded exceeds quantity supplied.

Whenever the quantity demanded is not equal to the quantity supplied, the quantity that is actually sold in the market is: A.the quantity demanded. B.the greater of the quantity demanded and the quantity supplied. C.the smaller of the quantity demanded and the quantity supplied. … 阅读详情>> "Whenever the quantity demanded is not equal to the quantity supplied, the quantity that is actually sold in the market is:"