Author Question: Assuming that the demand for a good has decreased and the supply of a good has increased by the same ... (Read 70 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
Assuming that the demand for a good has decreased and the supply of a good has increased by the same amount, then:
 a. The change in price is determinate but the change in quantity is indeterminate.
  b. The change in quantity is determinate but the change in price is indeterminate.
  c. Neither the change in price nor the change in quantity will be indeterminate.
  d. Both the change in price and the change in quantity will be indeterminate.

Question 2

Deposit insurance and government's willingness to help distressed banks have virtually eliminated the potential for serious bank runs.
 a. True
  b. False
  Indicate whether the statement is true or false



perkiness

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

c

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

For a complete list of videos, visit our video library