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Author Question: Demand is a schedule that shows A) a set of possible prices for a good and the quantities of the ... (Read 29 times)

Deast7027

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on: Jun 29, 2018
Demand is a schedule that shows
 
  A) a set of possible prices for a good and the quantities of the good that will be purchased at each of those prices.
  B) how much income it takes to afford various quantities of a good.
  C) the relationship between the cost of producing a good and the price that sellers will charge.
  D) how population changes will affect the amount of a good that is needed.

Question 2

Following adjustments to a new equilibrium in a market, the equilibrium quantity remains unchanged, but the market clearing price is now lower. Which of the following could definitely have caused this outcome?
 
  A) Demand and supply both increased.
  B) Demand and supply both decreased.
  C) Demand increased, and supply decreased.
  D) Demand decreased, and supply increased.


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aprice35067

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

A

Answer to Question 2

D


Deast7027

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Reply #2 on: Jun 29, 2018
Thank you


aprice35067

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Reply #3 on: Jun 29, 2018
No problemo


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