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

Author Question: When market failures occur A) the invisible hand will correct for the market failures. B) the ... (Read 123 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
When market failures occur
 
  A) the invisible hand will correct for the market failures.
  B) the price system will correct the market failures.
  C) people will reduce their consumption.
  D) the government can step in to correct the market failure.

Question 2

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?
 
  A) Supply increased.
  B) Demand decreased.
  C) Demand increased.
  D) Supply decreased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


eruditmonkey@yahoo.com

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

da vinci hand da vinci hand
Correct position when lifting a heavy object off the floor. Correct position when lifting a heavy object off the floor.
Four cutaneous receptors that occur in human skin. Four cutaneous receptors that occur in human skin.
Child's right hand and wrist displaying the characteristic spotted rash of Rocky Mountain ... Child's right hand and wrist displaying the characteristic spotted rash of Rocky Mountain ...
Compression using reinforced palm. The heel of the top hand is placed to avoid putting pressure on ... Compression using reinforced palm. The heel of the top hand is placed to avoid putting pressure on ...
Tummy rock. Standing on the recipient’s right side, rest your left hand on the forehead and your ... Tummy rock. Standing on the recipient’s right side, rest your left hand on the forehead and your ...
Video: The Nerve Impulse

For a complete list of videos, visit our video library