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

Author Question: With respect to the market clearing price and the equilibrium quantity for good X, an increase in ... (Read 119 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
With respect to the market clearing price and the equilibrium quantity for good X, an increase in the demand for and a decrease in supply of the good definitely will
 
  A) increase the market clearing price and the equilibrium quantity of good X.
  B) decrease the market clearing price and the equilibrium quantity of good X.
  C) increase the market clearing price of good X but lower the equilibrium quantity of X.
  D) increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of X.

Question 2

What is the type of mechanism that answers the basic economic questions through a decentralized decision making process?
 
  A) market system
  B) dictatorship
  C) command and control
  D) mixed economic system


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
:D TYSM

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
Iraqi market Iraqi market
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library