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

Author Question: The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay ... (Read 265 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jun 29, 2018
The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay the same when
 
  A) its demand and supply both increase.
  B) its demand increases and supply decreases.
  C) its demand decreases and supply increases.
  D) its demand and supply both decrease.

Question 2

Diminishing marginal utility of wealth leads to risk aversion because at a given level of wealth a dollar gained
 
  A) is worth more in additional utility than a dollar lost.
  B) is worth less in additional utility than a dollar lost.
  C) is worth as much in additional utility as a dollar lost.
  D) does not add to total utility.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


chads108

  • Member
  • Posts: 507
Reply 2 on: Jun 29, 2018
Wow, this really help

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Fall Fall
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Get Fit, Stay Well! Brief Edition Plus Mastering Health Get Fit, Stay Well! Brief Edition Plus Mastering Health
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library