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Author Question: A surplus of shoes will cause a. a decrease in the supply of shoes b. a decrease in the demand for ... (Read 103 times)

dbose

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  • Posts: 597
on: Jul 1, 2018
A surplus of shoes will cause
 a. a decrease in the supply of shoes
  b. a decrease in the demand for shoes
  c. both a decrease in the supply of shoes and an increase in the demand for shoes
  d. a decrease in the price of shoes, through a shift of either the supply curve or the demand curve
  e. a decrease in the price of shoes

Question 2

A surplus of wheat
 a. is impossible if people are hungry
  b. is impossible if the price of wheat is below equilibrium
  c. will result in an increase the price of wheat
  d. is unlikely to result in any change in the price of wheat
  e. indicates that the problem of scarcity of wheat has been solved


ebonylittles

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  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

B


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