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PV

Answered

​A market maker faces the following demand and supply for widgets.Eleven buyers are willing to buy at the following prices: $15,$14,$13,$12,$11,$10,$9,$8,$7,$6,$5.Eleven sellers are also willing to sell at the same prices.What is the equilibrium quantity in the market

A) ​5 units
B) 6 units
C) 7 units
D) ​8 units

On Sep 26, 2024


B
PV

Answered

Although Sinthland is a manufacturing-dependent nation, it prefers to have an overvalued currency. Which of the following is most likely a reason why Sinthland would want an overvalued domestic currency?

A) To make domestic production more appealing for foreign trade
B) To boost domestic manufacturing sectors
C) To increase the buying costs of foreign goods
D) To make imports cheaper

On Sep 22, 2024


D