This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An increase in demand and a decrease in supply cause which of the following? a. Equilibrium price ... (Read 37 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
An increase in demand and a decrease in supply cause which of the following?
 a. Equilibrium price change is indeterminate.
  b. Equilibrium quantity decreases.
  c. Equilibrium price falls.
  d. Equilibrium price rises.
  e. Equilibrium quantity increases.

Question 2

An increase in both supply and demand causes which of the following?
 a. Equilibrium price falls.
  b. Equilibrium price rises.
  c. Equilibrium price change is indeterminate.
  d. Equilibrium quantity decreases.
  e. Equilibrium quantity change is indeterminate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

supply chain supply chain
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
The age-related increase in spirituality is different for two cohorts born seven years apart. The ... The age-related increase in spirituality is different for two cohorts born seven years apart. The ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Blood Supply to the Lungs Blood Supply to the Lungs
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library