The table shows the demand and supply schedules for chocolate bars. if the price is $2.55 a chocolate bar, the quantity supplied the quantity demanded and of chocolate bars exists. a. equals; neither a shortage nor a surplus b. is greater than; a surplus c. is greater than; a shortage d. is less than; a shortage e. is less than; a surplus as the market moves to equilibrium, a. the price of a chocolate bar falls, the quantity demanded increases, and the quantity supplied decreases b. the price of a chocolate bar rises, the quantity demanded decreases, and the quantity supplied increases c. the price of a chocolate bar falls, and the quantity demand and quantity supplied both increase d. the price of a chocolate bar falls, the quantity demanded decreases, and the quantity supplied increases e. the price of a chocolate bar rises, and the quantity demand and quantity supplied both decrease price (dollars per chocolate bar) quantity demanded quantity supplied (bars per day) 1.50 600 330 1.85 525 390 2.20 450 450 2.55 375 510 2.90 300 570

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

When providing the square footage of a property for sale, the salesperson should disclose what?