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QUESTION 15 Figure 4-11 Firm A Firm B 20 TErice 20 Ence 18 . 18 16 - 16- 14 - 14 12 - 12 10
QUESTION 15 Figure 4-11 Firm A Firm B 20 TErice 20 Ence 18 . 18 16 - 16- 14 - 14 12 - 12 10 .. 10 8 . 10 12 14 16 18 20 quantity 8 10 12 14 16 quantity Refer to Figure 4-11. If these are the only two sellers in the market, then the market quantity supplied at a price of $6 is O a. 2 units. O b. 12 units O c. 10 units. O d. 22 units. QUESTION 16 People who provide you with goods and services O a. are required to do so by the government. O b. are acting out of generosity O c. do so because they get something in return. O d. have chosen not to become interdependent. QUESTION 17 A microeconomist - as opposed to a macroeconomist - might study O a. changes in the nation's unemployment rate over short periods of time. O b. the effect of rising oil prices on employment in the airline industry O c. alternative policies to promote higher living standards throughout the nation. O d. the effect of borrowing by the federal government on the inflation rate
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