« previous next »

Author Question: If the price of tennis rackets were to increase, we would expect: a. the demand for tennis balls to ... (Read 85 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jun 30, 2018
If the price of tennis rackets were to increase, we would expect:
 a. the demand for tennis balls to increase.
 b. the demand for tennis balls to decrease.
 c. the supply of tennis balls to increase, leading to a movement along the demand curve for tennis balls.
  d. the supply of tennis balls to decrease.

Question 2

Starting from long run equilibrium, in response to a decrease in AD:
 a. The price level will increase more in the long run than in the short run.
 b. The short run equilibrium level of real output will be greater in the long run than in the short run.
  c. Neither the price level nor real output will change in the long run.
 d. Both a. and b. are correct


Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Place the tennis balls in a sock on the floor behind you, then lie with the middle of your thoracic ... Place the tennis balls in a sock on the floor behind you, then lie with the middle of your thoracic ...
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Tennis Tennis
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library