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Author Question: The price of a new textbook increased by 25 percent and the price of a used textbook increased by 30 ... (Read 32 times)

ENagel

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on: Jun 29, 2018
The price of a new textbook increased by 25 percent and the price of a used textbook increased by 30 percent. What happened to the relative price of the new textbook?
 
  A) It increased by 5 percent.
  B) It increased, but we can't tell by how much without more information.
  C) It decreased by 5 percent.
  D) It decreased, but we can't tell by how much without more information.

Question 2

Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve remains at DA. Which of the following is TRUE?
 
  A) Only quantity supplied has increased.
  B) Only quantity demanded has decreased.
  C) Supply has increased.
  D) Supply has decreased.


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lgoldst9

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

D

Answer to Question 2

C


ENagel

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Reply #2 on: Jun 29, 2018
Correct answers!


lgoldst9

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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