« previous next »

Author Question: Refer to the above figure. A price floor of 60 results in A) a shortage of 100 units. B) a ... (Read 26 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Refer to the above figure. A price floor of 60 results in
 
  A) a shortage of 100 units.
  B) a shortage of 200 units.
  C) a surplus of 100 units.
  D) a surplus of 200 units.

Question 2

Sugar is an input used to produce cereal. Suppose that the price of sugar rises. As a result
 
  A) the supply curve for sugar will shift to the right.
  B) the supply curve for sugar will shift to the left.
  C) the supply curve for cereal will shift to the right.
  D) the supply curve for cereal will shift to the left.


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Results of the study by Laruelle et al. (1996) Results of the study by Laruelle et al. (1996)
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
Results and interpretation of a mixed copolymer Results and interpretation of a mixed copolymer
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library