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Author Question: When market failures occur A) the invisible hand will correct for the market failures. B) the ... (Read 108 times)

eruditmonkey@yahoo.com

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on: Jun 29, 2018
When market failures occur
 
  A) the invisible hand will correct for the market failures.
  B) the price system will correct the market failures.
  C) people will reduce their consumption.
  D) the government can step in to correct the market failure.

Question 2

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?
 
  A) Supply increased.
  B) Demand decreased.
  C) Demand increased.
  D) Supply decreased.


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mbcrismon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


eruditmonkey@yahoo.com

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  • Posts: 546
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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