Suppose a local Dairy Cream is able to break the workers union and, as a result, lower wages. One
would expect the equilibrium price of ice cream to and the equilibrium quantity of ice cream
to.
(a) increase; increase.
(b) increase; decrease.
(c) decrease; decrease.
(d) decrease; increase.

Bank of Mexico is offering a 15-year pure discount loan with an interest rate of 0.8% compounded daily. If you borrow $2,500 today, how much will you have pay back in 15 years? $2,675 $2,761 $2,819 $2,891