Which of the following would raise both the equilibrium price and the equilibrium quantity of strawberries?

Exhibit 5-9 Supply and Demand Curves for Good X ​ In Exhibit 5-9, assume the government places a $200 per unit sales tax on Good X. The percentage of the burden of taxation paid by consumers of Good X is:

When a reduction in the price of a good allows a consumer to purchase more of all goods, this effect is called the:

In Exhibit 3-11, in Panel B the movement from point A to point C describes a(n):

Suppose ABC Corporation is willing to sell 100 shirts when the price is $10 and 200 shirts when the price is $15, but XYZ Inc is willing to sell 500 shirts when the price is $10 and 350 shirts when the price is $15. Which of the following statements about the two companies is correct?

Exhibit 3-18 Supply and demand curves ​ ​ The market shown in Exhibit 3-18 is initially in equilibrium at E1. Changes in market conditions result in a new equilibrium at E2. This change is stated as a(n):

Suppose that when output is 20, marginal cost is $20, and average total cost is $30. Then which of the following is most likely to be true?  

The responsiveness of suppliers to changing prices is called the:

Suppose a good has a downward-sloping, straight-line demand curve. If the price elasticity of demand is 2.5 when the price is $10 per unit, then the price elasticity of demand when the price is $7 per unit could be

Which of the following best describes total fixed cost?