« previous next »

Author Question: When the demand and supply of a good both shift in the same direction and amount: a. Price will ... (Read 23 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
When the demand and supply of a good both shift in the same direction and amount:
 a. Price will change in the same direction as the shifts in supply and demand.
 b. Price will change in the opposite same direction as the shifts in supply and demand. change in price and an increase in quantity exchanged.
  c. Quantity exchanged will change in the same direction as that of the shifts in supply and demand.
 d. Quantity exchanged will change in the opposite direction from that of the shifts in supply and demand

Question 2

The problem of double coincidence of wants is associated with:
 a. paper money.
  b. insurance.
 c. credit cards.
 d. barter system.


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Almonds and other nuts are also good sources of protein Almonds and other nuts are also good sources of protein
Converting enzyme activity to its amount Converting enzyme activity to its amount
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Phlebotomy

For a complete list of videos, visit our video library