Which of the following would cause a shift to the right of the supply curve for gasoline?
I. A large increase in the price of public transportation.
II. A large decrease in the price of automobiles.
III. A large reduction in the costs of producing gasoline.
A) I only
B) II only
C) III only
D) II and III only
Question 2
McDonald's restaurant located near the high school offered a Tuesday special for high school students. If high school students showed their student ID cards, they would be given 50 cents off any medium combination meal.
This practice is an example of: A) collusion.
B) price discrimination.
C) two-part tariff.
D) bundling.
E) tying.
supply chain
The Light Curve of a Nova
A flex-fuel vehicle often has a yellow gas cap, which is labeled “E85/gasoline”.
Minerals are nonrenewable resources in limited supply
Construct a Lorenz curve that shows income distribution in this society.
Suppose a country imports televisions. The country's supply and demand curves are shown in ...