Assume the demand for sugar decreases while the supply of sugar increases. Which of the following outcomes is certain to occur? A.The equilibrium price of sugar will rise. B.The equilibrium price of sugar will fall. C.The equilibrium quantity of sugar will rise. D.The equilibrium … 阅读详情>> "Assume the demand for sugar decreases while the supply of sugar increases. Which of the following outcomes is certain to occur?"

Assume both the demand and the supply of beef decrease. Which of the following outcomes is certain to occur? A.The equilibrium quantity of beef will fall. B.The equilibrium price of beef will rise. C.The equilibrium quantity of beef will rise. D.The equilibrium price of beef will … 阅读详情>> "Assume both the demand and the supply of beef decrease. Which of the following outcomes is certain to occur?"

Assume both the demand and the supply of bagels increase. Which of the following outcomes is certain to occur? A.The equilibrium price of bagels will rise. B.The equilibrium price of bagels will fall. C.The equilibrium quantity of bagels will fall. D.The equilibrium quantity of b … 阅读详情>> "Assume both the demand and the supply of bagels increase. Which of the following outcomes is certain to occur?"

Refer to the figure above. Assume the market is originally at point W. Movement to point Y is a combination of: A.a decrease in supply and an increase in quantity demanded. B.an increase in quantity supplied and an increase in demand. C.an increase in supply and an increase in de … 阅读详情>> "Refer to the figure above. Assume the market is originally at point W. Movement to point Y is a combination of:"

Refer to the figure above. Assume the market is originally at point W. Movement to point Z is a combination of: A.an increase in supply and an increase in quantity demanded. B.an increase in supply and an increase in demand. C.a decrease in supply and an increase in quantity dema … 阅读详情>> "Refer to the figure above. Assume the market is originally at point W. Movement to point Z is a combination of:"

Suppose that both supply and demand for iPads decrease. One can predict that the: A.equilibrium quantity will fall but the equilibrium price can rise or fall. B.equilibrium price will rise but the equilibrium quantity can increase or decrease. C.equilibrium price and quantity wil … 阅读详情>> "Suppose that both supply and demand for iPads decrease. One can predict that the:"

An outcome is socially optimal if it: A.maximizes total economic surplus. B.follows from collective action. C.follows from a market equilibrium. D.leaves no money on the table. 正确答案：maximizes total economic surplus.

Efficiency occurs when: A.the government does not interfere with market prices. B.the individually rational quantity of goods and services is being produced. C.a market is in equilibrium. D.the socially optimal quantity of goods and services is being produced. 正确答案：the socially o … 阅读详情>> "Efficiency occurs when:"

Efficiency is an important goal in economics because it: A.assures a higher level of output. B.assures a fair outcome. C.takes into consideration the distribution of income. D.assures a normative outcome. 正确答案：assures a higher level of output.

Assume that Joe is willing to produce another hamburger that costs $1 to make. Mary is hungry and is willing to buy a hamburger for $3. According to the No Cash on the Table Principle, Joe and Mary: A.will only make a trade if Joe can get Mary to spend more than $3 for the hambur … 阅读详情>> "Assume that Joe is willing to produce another hamburger that costs $1 to make. Mary is hungry and is willing to buy a hamburger for $3. According to the No Cash on the Table Principle, Joe and Mary:"

When two people agree to a price in a negotiation, we can assume that: A.each one will receive equal benefits from the transaction. B.the seller will receive more benefit from the transaction than the buyer. C.both parties will benefit. D.only one of the parties will benefit, but … 阅读详情>> "When two people agree to a price in a negotiation, we can assume that:"

If, in a particular market, all unexploited opportunities have been realized, one can conclude that: A.demanders are unable to find adequate amounts of the good. B.excess demand is present. C.the market is in equilibrium. D.government regulation has proven successful. 正确答案：the ma … 阅读详情>> "If, in a particular market, all unexploited opportunities have been realized, one can conclude that:"