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

Author Question: Which of the following always raises the equilibrium price? A) an increase in both demand and ... (Read 9 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
Which of the following always raises the equilibrium price?
 
  A) an increase in both demand and supply
  B) a decrease in both demand and supply
  C) an increase in demand combined with a decrease in supply
  D) a decrease in demand combined with an increase in supply

Question 2

The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total deadweight loss?
 
  A) 2,000
  B) 800
  C) 0
  D) 600 umbrellas


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Alan Price - Poor People Alan Price - Poor People
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Increase in rainfall on continents Increase in rainfall on continents
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library