When the purchase price of an asset is less than its sale price, ...

[s.tung]

When the purchase price of an asset is less than its sale price, then there is a
 
  A) budget deficit.
  B) corporate income tax.
  C) capital gain.
  D) capital loss.

Question 2

We cannot predict the effect on the market clearing price, but know that the equilibrium quantity will decrease when
 
  A) supply increases and demand decreases
  B) supply decreases and demand increases.
  C) supply and demand for a product simultaneously decrease.
  D) supply and demand for a product simultaneously increase.

[mtmmmmmk]

Answer to Question 1

D

Answer to Question 2

C

[s.tung]

TYSM

[atrochim]

Thanks for the timely response, appreciate it