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Author Question: Holding demand constant, an increase in supply leads to A) lower prices and higher quantity ... (Read 126 times)

LCritchfi

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on: Jun 29, 2018
Holding demand constant, an increase in supply leads to
 
  A) lower prices and higher quantity demanded.
  B) lower prices and lower quantity demanded.
  C) higher prices and higher quantity demanded.
  D) higher prices and lower quantity demanded.

Question 2

Which of the following leads to an underallocation of resources to a specific economic activity?
 
  A) external costs
  B) external benefits
  C) marginal costs
  D) effluent benefits


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sarahccccc

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

A

Answer to Question 2

B


LCritchfi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
Excellent

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