Author Question: Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and ... (Read 131 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from
 
  A) point c to point a. B) point d to point a. C) point d to point b. D) point b to point c.

Question 2

If potential output exceeds actual output, ________ shifts downward over time.
 
  A) the short-run AD curve B) the long-run AD curve
  C) the long-run AS curve D) the short-run AS curve


steff9894

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

For a complete list of videos, visit our video library