Answer to Question 1
The price of steel will rise. As it rises, the quantity of steel supplied will rise and the quantity of steel demanded will fall. Eventually, at the new market equilibrium price, quantity demanded will be equal to quantity supplied. The market will be in equilibrium.
Answer to Question 2
Total utility is the total amount of satisfaction obtained from the consumption of a
good or a service. Marginal utility is the additional satisfaction gained by the
consumption of one more unit of a good or service.
Summary of greenhouse experimental design and results
Chemical equilibrium and the law of mass action.
Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme
United States, southwestern and southern states are suffer from a significant decrease in rainfall
Who's Policing the Food Supply?
BLAST results showing a 280-base sequence of a chromosome 12 contig from rats