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

Author Question: In which of the following situations will market clearing price decrease and the equilibrium ... (Read 80 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
In which of the following situations will market clearing price decrease and the equilibrium quantity increase?
 
  A) an increase in demand with no change in supply
  B) an increase in supply with no change in demand
  C) a decrease in supply with no change in demand
  D) a decrease in demand with no change in supply

Question 2

If all resources were perfectly adaptable for alternative uses, the production possibilities curve would
 
  A) be bowed out.
  B) be bowed in.
  C) be a straight line.
  D) not exist.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryhom

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Alan Price - Poor People Alan Price - Poor People
Coding for Special Situations Cont Coding for Special Situations Cont
Main Hall, Trajan's Market Main Hall, Trajan's Market
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Decrease in mean haplotype heterozygosity Decrease in mean haplotype heterozygosity
Video: Arthritis

For a complete list of videos, visit our video library