Author Question: When the demand and supply of a good both shift in the same direction and amount: a. Price will ... (Read 30 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
When the demand and supply of a good both shift in the same direction and amount:
 a. Price will change in the same direction as the shifts in supply and demand.
 b. Price will change in the opposite same direction as the shifts in supply and demand. change in price and an increase in quantity exchanged.
  c. Quantity exchanged will change in the same direction as that of the shifts in supply and demand.
 d. Quantity exchanged will change in the opposite direction from that of the shifts in supply and demand

Question 2

The problem of double coincidence of wants is associated with:
 a. paper money.
  b. insurance.
 c. credit cards.
 d. barter system.



deja

  • Sr. Member
  • ****
  • Posts: 332
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?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

For a complete list of videos, visit our video library