In the U.S. in 2012 the percentage of the Americans living below ...

[saraeharris]

In the U.S. in 2012 the percentage of the Americans living below the poverty line was about
 
  A) 15 percent.
  B) 20 percent.
  C) 5 percent.
  D) 27 percent.

Question 2

Suppose firms in a perfectly competitive market are earning an economic profit. As new firms enter, the price ________ and the economic profit of each existing firm ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases

[yasmina]

Answer to Question 1

A

Answer to Question 2

D

[saraeharris]

Thanks for the timely response, appreciate it

[bimper21]

TYSM