« previous next »

Author Question: If demand increases while supply decreases, then the equilibrium price A) always increases. B) ... (Read 139 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
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

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

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.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Blood Supply to the Lungs Blood Supply to the Lungs
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Mechanics of Sound Animation

For a complete list of videos, visit our video library