Category: Market

A. many buyers and sellers
B. none of these answers
C. firms that are price takers
D. only one seller

A. Lead to a movement along the supply curve
B. Shift the demand curve
C. Shift the supply curve
D. Lead to an extension of supply

A. A change in technology
B. A change in the number of producers
C. A shift in demand
D. A change in costs

A. Not provided in the free market economy
B. Under provided in the free market economy
C. Over provided in the free market economy
D. Provided free

A. A change in income
B. A change in the number of buyers
C. A change in advertising
D. A shift in supply

A. There is excess equilibrium
B. There is excess supply
C. There is excess demand
D. There is equilibrium

A. price
B. quantity
C. demand
D. supply

A. behaviour of shifting the tax to another party.
B. structure of the tax
C. ultimate distribution of a tax’s burden.
D. measure of the impact the tax has on employment and output

A. externalities
B. the free-rider problem
C. a and b
D. a and c

A. A higher equilibrium price and output
B. A lower equilibrium price and higher output
C. A lower equilibrium price and output
D. A higher equilibrium price and lower output