Author Question: Refer to Figure 7-5. The efficient quantity of medical services is A) 400. B) 800. C) 1,200. D) ... (Read 42 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
Refer to Figure 7-5. The efficient quantity of medical services is
 
  A) 400. B) 800. C) 1,200. D) > 1,200.

Question 2

Assume that both the demand curve and the supply curve for MP3 players shift to the right but the supply curve shifts more than the demand curve. As a result
 
  A) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
  B) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
  C) the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
  D) both the equilibrium price and quantity of MP3 players will decrease.



yasmina

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

For a complete list of videos, visit our video library