Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: jilianpiloj on Jul 1, 2018
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In the market for professional basketball,
a. pro basketball teams are the suppliers and pro basketball players are the demanders
b. pro basketball players are the suppliers and basketball fans are the demanders
c. pro basketball players are the suppliers and pro basketball teams are the demanders
d. pro basketball teams are the suppliers and basketball fans are the demanders
e. basketball fans are the suppliers and pro basketball teams are the demanders
Question 2
In which of the following situations will the effect upon the equilibrium price of wheat be indeterminate?
a. supply decreases and demand increases
b. demand decreases and supply increases
c. demand remains constant and supply increases
d. supply decreases and demand decreases
e. supply remains constant and demand increases
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Answer to Question 1
D
Answer to Question 2
D