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Author Question: Which of the following relationships reflect the law of supply? a. an increase in QS => a ... (Read 63 times)

tingc95

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on: Jun 30, 2018
Which of the following relationships reflect the law of supply?
 a. an increase in QS => a decrease in Price
 b. a decrease in Price => an increase in supply
  c. an increase in Price => an increase in QS
 d. a decrease in Price => an increase in QS

Question 2

A decrease in the U.S. price level will:
 a. decrease U.S. imports.
 b. decrease U.S. exports.
 c. decrease the quantity of RGDP demanded in the United States.
  d. both (a) and (c)


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livaneabi

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

c

Answer to Question 2

a


tingc95

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

komodo7

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

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