Author Question: A 1,000 price tag on a stereo system is an example of money as a unit of account. a. True b. False ... (Read 107 times)

leilurhhh · **on:** Jun 30, 2018

A 1,000 price tag on a stereo system is an example of money as a unit of account.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A safety report is released that contends that sport utility vehicles are more prone to roll over during crashes than was previously thought. At the same time, the price of steel (used to produce motor vehicles) increases. The net effect of these two incidents on the market for sport utility vehicles is a(n):
a. decrease in price and an increase in equilibrium quantity.
b. decrease in price and a decrease in equilibrium quantity.
c. increase in price and a decrease in equilibrium quantity.
d. indeterminate change in price and a decrease in equilibrium quantity.