« previous next »

Author Question: What happens if price falls below the market clearing price? A) Demand shifts out. B) Supply ... (Read 51 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
What happens if price falls below the market clearing price?
 
  A) Demand shifts out.
  B) Supply shifts in.
  C) Quantity demanded decreases, quantity supplied increases, and price falls.
  D) Quantity demanded increases, quantity supplied decreases, and price rises.

Question 2

This market situation is much like a pure monopoly except that its member firms tend to cheat on agreed upon price and output strategies. What is it?
 
  A) Duopoly
  B) Cartel
  C) Market sharing monopoly
  D) Natural monopoly


Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Risk for falls Risk for falls
Classic Supply - Demand Curve Classic Supply - Demand Curve
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library