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Author Question: If the price of a video rental is below its equilibrium price, there will be a ________ of video ... (Read 51 times)

biggirl4568

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on: Jun 29, 2018
If the price of a video rental is below its equilibrium price, there will be a ________ of video rentals and the price will ________.
 
  A) shortage; rise
  B) shortage; fall
  C) surplus; rise
  D) surplus; fall

Question 2

The above figure depicts an economy
 
  A) with an inflationary gap.
  B) with a recessionary gap.
  C) producing at full employment.
  D) None of the above answers is correct.


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prumorgan

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

A

Answer to Question 2

A


biggirl4568

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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