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

Author Question: Z is a normal good. The equilibrium price and quantity of Z in the year 2011 was 25 and 60 units, ... (Read 41 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
Z is a normal good. The equilibrium price and quantity of Z in the year 2011 was 25 and 60 units, respectively. In 2014, the equilibrium price of Z had increased to 35 but the equilibrium quantity had decreased to 50 units.
 
  Other things remaining the same, which of the following could explain this change? A) Shift of the supply curve of Z to the left
  B) Shift of the supply curve of Z to the right
  C) Shift of the demand curve for Z to the left
  D) Shift of the demand curve for Z to the right

Question 2

Why are cartels among firms usually kept secret?
 
  What will be an ideal response?
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 61% of students answer this correctly


panfilo

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

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

Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
If the needle drops 1 or 2 inches Hg from the normal reading, one of the engine valves is burned or ... If the needle drops 1 or 2 inches Hg from the normal reading, one of the engine valves is burned or ...
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library