MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 3, Problem 25SQ
To determine

The price of the video games when there is a shortage of 200 video games.

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At a price $13, there is a _of ___ units of goods.
Q.1.6 When an individual’s income rises, ceteris paribus, his/her demand for a loaf ofbread, a normal good:(a) Rises.(b) Falls.(c) Remains unchanged.(d) Becomes more positive.Q.1.7 If there is a strike in the milk production industry, then, ceteris paribus; (a) the demand for milk will increase.(b) the demand for milk will decrease.(c) the supply of milk will decrease.(d) the supply of milk will increase.Q.1.8 An increase in demand: (a) indicates that more is demanded at higher prices.(b) indicates that more is demanded at lower prices.(c) is illustrated by a rightward shift of the demand curve.(d) is illustrated by a leftward shift of the demand curve.
an increase in the supply of golf clubs brings a ___ of golf clubs at the original price and a _____ in their price.
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