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Author Question: If both the supply and demand for computer games increase, then the equilibrium price of the games: ... (Read 119 times)

V@ndy87

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on: Jun 30, 2018
If both the supply and demand for computer games increase, then the equilibrium price of the games:
 a. is indeterminate and the equilibrium quantity rises.
 b. is indeterminate and the equilibrium quantity falls.
 c. falls and the equilibrium quantity also falls.
 d. falls and the change in equilibrium quantity is indeterminate.

Question 2

A cut in marginal tax rates would:
 a. increase the price level and real GDP in the short run if it has no effect on short-run aggregate supply.
 b. increase the price level and real GDP in the short run, even if possible aggregate supply effects are included.
  c. increase real GDP in the short run, but there is an indeterminate effect on the price level if there is no supply-side effect on aggregate supply.
  d. increase real GDP in the short run, but there is an indeterminate effect on the price level if supply-side effects on aggregate supply are included.


briseldagonzales

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

a

Answer to Question 2

d


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