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Author Question: If demand increases while supply decreases, then the equilibrium price A) always increases. B) ... (Read 128 times)

newbem

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on: Jun 29, 2018
If demand increases while supply decreases, then the equilibrium price
 
  A) always increases.
  B) always decreases.
  C) may increase, decrease, or stay the same.
  D) never changes.

Question 2

Which of the following is a benefit of the price system?
 
  A) the existence of positive externalities
  B) the production of public goods
  C) Consumers have what they want since politicians and business managers decide what is to be produced.
  D) the freedom of consumers to decide what they want to purchase


TINA

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

A

Answer to Question 2

D


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