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Author Question: Which of the following could not cause an increase in both the equilibrium price and quantity of a ... (Read 16 times)

cool

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on: Jun 30, 2018
Which of the following could not cause an increase in both the equilibrium price and quantity of a good exchanged?
 a. Increased input prices.
 b. Decreased incomes for an inferior good.
 c. An increase in the price of a substitute good.
  d. Increased tastes for the good.

Question 2

In general, a bank that held excess reserves would earn lower profits as a result.
 a. True
  b. False
  Indicate whether the statement is true or false


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Kingjoffery

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


cool

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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