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

kshipps

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on: Jun 29, 2018
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

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

D

Answer to Question 2

B


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