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Author Question: When the supply of a good decreases and its demand increases by the same amount: a. Price will ... (Read 70 times)

TFauchery

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on: Jun 30, 2018
When the supply of a good decreases and its demand increases by the same amount:
 a. Price will change in the same direction as the shift in demand.
 b. Price will change in the same direction as the shift in supply.
 c. Quantity exchanged will change in the same direction as the shift in supply.
  d. Quantity exchanged will change in the same direction as the shift in demand.

Question 2

Which of the following is not one of the functions of money?
 a. unit of account
 b. means of deferred payment
  c. encouraging people to barter
  d. medium of exchange
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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peilian

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


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