This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If demand increases and supply decreases A) the market clearing price definitely will increase, ... (Read 123 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
If demand increases and supply decreases
 
  A) the market clearing price definitely will increase, and the equilibrium quantity definitely will increase.
  B) the market clearing price definitely will increase, and the equilibrium quantity definitely will decrease.
  C) the market clearing price definitely will increase, but the change in the equilibrium quantity cannot be determined without more information.
  D) the equilibrium quantity definitely will decrease, but the change in the market clearing price cannot be determined without more information.

Question 2

Which of the following people would be considered unemployed by the Bureau of Labor Statistics?
 
  I. Mrs. X retires from her job and does not look for another job.
  II. Mr. Y was laid off from his job as a welder, but expects to be rehired in 8 months.
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Awesome

  • Sr. Member
  • ****
  • Posts: 280
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Wow, this really help

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

(a) Longevity decreases with increased horn-length breeding value of harvested rams. (b) Mean-weight (a) Longevity decreases with increased horn-length breeding value of harvested rams. (b) Mean-weight
Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
Blood supply to the pituitary gland Blood supply to the pituitary gland
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: DNA close up Animation

For a complete list of videos, visit our video library