Microeconomics

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Assume that corn and soybeans are alternatives that could be grown by most farmers. An increase in ... Started by Cooldude101	1 Replies 32 Views	Jul 1, 2018 by Kingjoffery
As the use of DVDs becomes more widespread, we would expect all of the following except one. Which ... Started by erika	1 Replies 13 Views	Jul 1, 2018 by xoxo123
An increase in the number of producers of a good will a. increase the market supply because the ... Started by Davideckstein7	1 Replies 17 Views	Jul 1, 2018 by ashely1112
Studies show that the supply curve for oranges has shifted. Which of the following could not explain ... Started by ss2343	1 Replies 23 Views	Jul 1, 2018 by SAUXC
Other things equal, the supply of index cards is likely to be affected by all of the following ... Started by kamilo84	1 Replies 13 Views	Jul 1, 2018 by aloop
Markets reduce transactions costs a. by decreasing the time spent searching for information about ... Started by tiffannnnyyyyyy	3 Replies 89 Views	Jul 1, 2018 by at
A surplus occurs whenever a. current price is greater than equilibrium price b. quantity supplied ... Started by Melani1276	1 Replies 89 Views	Jul 1, 2018 by kaillie
A surplus of shoes will cause a. a decrease in the supply of shoes b. a decrease in the demand for ... Started by dbose	1 Replies 48 Views	Jul 1, 2018 by ebonylittles
If a surplus exists in the market for swimwear, an economist would predict that a. the price of ... Started by B	1 Replies 38 Views	Jul 1, 2018 by cswans24
A shortage occurs whenever a. quantity demanded exceeds quantity supplied at the equilibrium price ... Started by Garrulous	1 Replies 96 Views	Jul 1, 2018 by nanny
If there is a shortage in the market for automobiles, then a. producers' inventories will rise b. ... Started by FButt	1 Replies 36 Views	Jul 1, 2018 by Mollythedog
If people believe that prices are going to be higher in the future then they are today, they will ... Started by bclement10	1 Replies 23 Views	Jul 1, 2018 by Mochi
The equilibrium point represents the only price-quantity combination in a market that a. causes ... Started by Haya94	1 Replies 27 Views	Jul 1, 2018 by kbennett34
Saccharin and aspartame are both low-calorie substitutes for sugar. If saccharin is found to cause ... Started by tiffannnnyyyyyy	3 Replies 41 Views	Jul 1, 2018 by Leostella20
An increase in demand will cause a(n) a. increase in supply b. decrease in supply c. decrease in ... Started by P68T	1 Replies 89 Views	Jul 1, 2018 by Andromeda18
A decrease in demand will result in a(n) a. increase in equilibrium price and quantity b. decrease ... Started by deesands	1 Replies 53 Views	Jul 1, 2018 by tuate
Suppose that the price of compact disks (CDs) increases, other things equal. Which of the following ... Started by NguyenJ	1 Replies 27 Views	Jul 1, 2018 by carlsona147
If the demand for bicycles increases, a. the quantity demanded decreases b. equilibrium price ... Started by EAugust	1 Replies 15 Views	Jul 1, 2018 by mceravolo
For a given supply curve, an increase in demand will typically a. increase price, but quantity ... Started by Tirant22	1 Replies 34 Views	Jul 1, 2018 by makaylafy
If the tea harvest is bad in a particular year, the supply of tea will a. decrease, its price will ... Started by Brittanyd9008	1 Replies 32 Views	Jul 1, 2018 by Brenm
A decrease in supply will cause a(n) a. increase in demand b. decrease in demand c. increase in ... Started by deesands	1 Replies 80 Views	Jul 1, 2018 by memslove
An increase in supply will cause a(n) a. increase in demand b. decrease in demand c. increase in ... Started by maychende	3 Replies 65 Views	Jul 1, 2018 by millet
A decrease in the supply of chocolate chips would usually result in a a. higher equilibrium price ... Started by jjjetplane	1 Replies 32 Views	Jul 1, 2018 by joshraies
What is the effect of a reduction in the price of steel on the equilibrium price and quantity of ... Started by javeds	1 Replies 28 Views	Jul 1, 2018 by nikmaaacs
Along a given demand curve, a decrease in supply will typically a. decrease price, but the change ... Started by ereecah	1 Replies 51 Views	Jul 1, 2018 by Gabe