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Author Question: In which of the following situations will market clearing price decrease and the equilibrium ... (Read 90 times)

bobthebuilder

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  • Posts: 567
on: Jun 29, 2018
In which of the following situations will market clearing price decrease and the equilibrium quantity increase?
 
  A) an increase in demand with no change in supply
  B) an increase in supply with no change in demand
  C) a decrease in supply with no change in demand
  D) a decrease in demand with no change in supply

Question 2

If all resources were perfectly adaptable for alternative uses, the production possibilities curve would
 
  A) be bowed out.
  B) be bowed in.
  C) be a straight line.
  D) not exist.


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ryhom

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


bobthebuilder

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  • Posts: 567
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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