Author Question: Economic goods are items that A) are used only by economists. B) provide satisfaction to users. ... (Read 93 times)

viki · **on:** Jun 29, 2018

Economic goods are items that

A) are used only by economists.
B) provide satisfaction to users.
C) cannot be sold at any price in the market.
D) individuals would pay to get rid off.

Question 2

Suppose that demand for tablets increases, and simultaneously, the supply of tablets increases. Which of the following would you conclude definitely will occur in the market for tablets?

A) The market clearing price will rise.
B) The market clearing price will fall.
C) The equilibrium quantity will rise.
D) The equilibrium quantity will fall.