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

Author Question: With respect to the market clearing price and the equilibrium quantity for good X, an increase in ... (Read 98 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
With respect to the market clearing price and the equilibrium quantity for good X, an increase in the demand for and a decrease in supply of the good definitely will
 
  A) increase the market clearing price and the equilibrium quantity of good X.
  B) decrease the market clearing price and the equilibrium quantity of good X.
  C) increase the market clearing price of good X but lower the equilibrium quantity of X.
  D) increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of X.

Question 2

What is the type of mechanism that answers the basic economic questions through a decentralized decision making process?
 
  A) market system
  B) dictatorship
  C) command and control
  D) mixed economic system


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
The Hardy–Weinberg equilibrium for two autosomal alleles. The Hardy–Weinberg equilibrium for two autosomal alleles.
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library