Which of the following is true if the quantity of laundry detergent supplied exceeds the quantity of laundry detergent demanded?

People search harder for substitutes for oil when the price of oil is high.

The movement from point a to point b might have been caused by:  

Which of the following is most consistent with a horizontal reading of a demand curve?

The demand curves below are labeled A, B, and C. If one of them is the demand for green beans and another is the demand for vegetables, then the demand for green beans is A. 

Calculate total surplus. (Write just the number, no dollar sign.) 

Oil is more likely to be inelastically supplied than computers.

Suppose that 2,000 movie tickets are bought every month in Redwood City and suppose that the elasticity of demand for movie tickets is –0.5. If the price increased by 30% how many movie tickets would be bought in a month?

As you learned, the elasticities of demand and supply are crucial in determining how the burden of a tax (or the benefit of a subsidy) is divided between buyers and sellers. Under what conditions for supply or demand would a seller actually be able to avoid bearing any of the burden of a tax?

Which of the following statements about bovine respiratory disease is FALSE?