Multiple Choice
-The figure above shows the market for film cameras.If the price of digital cameras falls,the equilibrium quantity of film cameras will be ________ thousand cameras and the price of a film camera will be ________.
A) less than 300; less than $300
B) greater than 300; less than $300
C) 300; greater than $300
D) greater than 400; greater than $310
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The opportunity cost of a good is<br>A)
Q12: All economic questions arise because<br>A) of scarcity.<br>B)
Q13: Jelly beans and popcorn are substitutes.A fall
Q14: <span class="ql-formula" data-value="\begin{array} { | c |
Q15: Country X devoted 70 percent of its
Q17: If pizza is a normal good,then an
Q18: If the wood used to produce houses
Q19: According to the principle of comparative advantage,if
Q20: If the wood used to produce houses
Q21: A processor of alligator hides can produce