What are "comps"? a. complications due to the housing crisis b. comparable houses listed for sale or recently sold c. computers d. a means of communication between real estate agents

In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false

Suppose that the government establishes a price ceiling of $3.70 for wheat. a. why might the government establish this price ceiling?

Suppose that a recent celebrity endorsement made more people prefer this brand of cell phone. now, more cell phones are demanded at each price level. the new equilibrium price is where both supply and demand quantities equal $120, 200 or $160, 300