This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If both demand and supply increase, what will be the effect on the equilibrium price and quantity? ... (Read 84 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
If both demand and supply increase, what will be the effect on the equilibrium price and quantity?
 
  A) Both the price and the quantity will increase.
  B) The quantity will increase but the price could either rise, fall, or remain the same.
  C) The price will fall but the quantity will increase.
  D) The price will rise but the quantity could either increase, decrease, or remain the same.

Question 2

Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after one year?
 
  A) 10
  B) 40
  C) 60
  D) 100


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
The Greenhouse Effect The Greenhouse Effect
Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
Lake-effect snow: Cold air over warm water Lake-effect snow: Cold air over warm water
First-Pass Effect First-Pass Effect
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Mutations and translation

For a complete list of videos, visit our video library