If the price index rises from 100 to 120, the purchasing power value of the dollar:

a. may either rise or fall
b. will rise by one-sixth.
c. will fall by one-sixth.
d. will rise by 20 percent.

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Witch is an example of a non durable good?

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false