Author Question: If the demand for hamburgers decreases, the equilibrium price A) rises and the equilibrium ... (Read 59 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
If the demand for hamburgers decreases, the equilibrium price
 
  A) rises and the equilibrium quantity increases.
  B) falls and the equilibrium quantity increases.
  C) rises and the equilibrium quantity decreases.
  D) falls and the equilibrium quantity decreases.

Question 2

In order to be classified as a recession, a contraction of general economic activity must last at least
 
  A) one year.
  B) six months.
  C) one period.
  D) one quarter.
  E) None of the above because recessions do not have a minimum length.



javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

For a complete list of videos, visit our video library