Author Question: Market equilibrium occurs when A) other things remain the same. B) the market is changing ... (Read 99 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
Market equilibrium occurs when
 
  A) other things remain the same.
  B) the market is changing rapidly.
  C) the quantity demanded equals the quantity supplied.
  D) buyers get the lowest possible price.
  E) everyone who wants the good gets the quantity he or she wants.

Question 2

Along the aggregate supply curve, the quantity of real GDP supplied increases when the price level rises because
 
  A) the real wage rate rises.
  B) the demand for the goods and services increases.
  C) the real wage rate falls.
  D) the real wage rate and profits both fall.
  E) profits decrease.



Jossy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

For a complete list of videos, visit our video library