« previous next »

Author Question: The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, ... (Read 94 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is ________ the quantity supplied and the price of the good will ________.
 
  A) less then; fall
  B) greater than; fall
  C) equal to; fall
  D) less than; rise
  E) greater than; rise

Question 2

You borrow at a nominal interest rate of 10 percent. If the inflation rate is 4 percent, then the real interest rate is
 
  A) 6 percent.
  B) 14 percent.
  C) the 10 in interest you have to pay.
  D) 16 percent.
  E) 2.5 percent.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Salt water lake Salt water lake
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Wind and Water Erosion of Cropland Soils Wind and Water Erosion of Cropland Soils
Effects of Differences in Solute Concentration on the Movement of Water Molecules Effects of Differences in Solute Concentration on the Movement of Water Molecules
Claude Monet, Water Lilies, Morning: Willows (central section and right side). Claude Monet, Water Lilies, Morning: Willows (central section and right side).
How much water does the amniotic sac hold? How much water does the amniotic sac hold?
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library