Using the data in the table above, the equilibrium quantity and equilibrium price for a cellular telephone are
A) 50,000 and 100.
B) 80,000 and 80.
C) 60,000 and 50.
D) 100,000 and 20.
E) 40,000 and 20.
Question 2
A fall in the money wage rate ________ aggregate supply and ________.
A) decreases; shifts the AS curve rightward
B) increases; shifts the AS curve leftward
C) decreases; shifts the AS curve leftward
D) increases; shifts the AS curve rightward
E) does not change; does not shift the AS curve