Author Question: If the demand for hamburgers decreases, the equilibrium price A) rises and the equilibrium ... (Read 58 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?

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

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?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

For a complete list of videos, visit our video library