« previous next »

Author Question: When the supply of a good decreases and its demand increases by the same amount: a. Price will ... (Read 53 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
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
Buy Test-Bank


peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Price of Computers, 1982–2010 Price of Computers, 1982–2010
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
Video: Exocytosis - secretion

For a complete list of videos, visit our video library