« previous next »

Author Question: If enforcement is aimed at sellers of an illegal good, its equilibrium price will ________ and its ... (Read 74 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
If enforcement is aimed at sellers of an illegal good, its equilibrium price will ________ and its equilibrium quantity will ________.
 
  A) rise; increase
  B) rise; decrease
  C) fall; increase
  D) fall; decrease

Question 2

Which of the following statements is FALSE?
 
  A) A consumer has only one indifference curve.
  B) A consumer possesses a preference map.
  C) An indifference curve is a curve that shows the combination of goods among which a consumer is indifferent.
  D) The marginal rate of substitution is the rate at which a consumer will give up good y to get more of good x and remain on the same indifference curve.


memslove

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
Good Old War - Part Of Me [Audio] Good Old War - Part Of Me [Audio]
Peanut butter is good source of protein Peanut butter is good source of protein
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library