A price ceiling set by the government will most likely make which market structures less economically efficient? (Check all that apply.)

Based on the information in the above table, when price changes from $2 to $1 demand is:

Based on the PPF shown in this graph, Point __ represents an efficient use of resources, Point __ represents an inefficient use of resources, and Point __ represents a production combination that is not possible.

If the Price of X = $1 and the Price of Y = $2, then how many units of Good Y should be purchased if Income = $17?

For _____ theory of oligopoly, even if marginal cost changes, the profit maximizing quantity of output can remain the same.

When the price of product R increases from $35 to $37, the quantity demanded of product S increases from 13,000 to 15,500. Based on this, the cross elasticity of demand of products R and S is _____ and these two products are _____.

Check all of the following that can be considered “labor”:

An increase in the price of a product will ultimately cause a(n) _____ in equilibrium price and a(n) _____ in equilibrium quantity in the labor market of workers that produce that product.

When the price of product R increases from $43 to $46, the quantity demanded of product S increases from 13,000 to 15,500. Based on this, the cross elasticity of demand of products R and S is _____ and these two products are _____.

When a tax is imposed on a supplier and demand is perfectly elastic, there will be _____ in equilibrium quantity and _____ in equilibrium price.