Author Question: This Application addresses the concept of A) inflation and the housing boom. B) the dangers of ... (Read 90 times)

K@

  • Hero Member
  • *****
  • Posts: 608
This Application addresses the concept of
 
  A) inflation and the housing boom. B) the dangers of high interest rates.
  C) increases in consumer wealth. D) the down-side of leverage.

Question 2

Suppose the current price of a pound of steak is 6 per pound and the equilibrium price is 9 per pound. What takes place?
 
  A) There is a shortage, so the price rises and quantity demanded increases.
  B) There is a shortage, so the price falls and quantity demanded increases.
  C) There is a surplus, so the price falls and quantity demanded increases.
  D) There is a shortage, so the price falls and quantity demanded decreases.
  E) There is a shortage, so the price rises and quantity demanded decreases.


cat123

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

D

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library