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Author Question: Suppose the equilibrium price of oranges is 2.00 per pound. If the actual price is above the ... (Read 86 times)

Capo

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on: Jun 29, 2018
Suppose the equilibrium price of oranges is 2.00 per pound. If the actual price is above the equilibrium price a
 
  A) shortage exists, and the price falls to restore equilibrium.
  B) surplus exists, and the price rises to restore equilibrium.
  C) shortage exists, and the price rises to restore equilibrium.
  D) surplus exists, and the price falls to restore equilibrium.
  E) surplus exists, but nothing happens until either the demand or the supply changes.

Question 2

If a one-year bond is purchased for 700 and the interest rate is 5 percent, what will it pay in one year?
 
  A) 35 B) 665 C) 735 D) 770


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whitcassie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Capo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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