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Author Question: Suppose roses are currently selling for 20 per dozen, but the equilibrium price of roses is 30 per ... (Read 57 times)

haleyc112

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Suppose roses are currently selling for 20 per dozen, but the equilibrium price of roses is 30 per dozen. We would expect a
 a. shortage to exist and the market price of roses to increase.
  b. shortage to exist and the market price of roses to decrease.
  c. surplus to exist and the market price of roses to increase.
  d. surplus to exist and the market price of roses to decrease.

Question 2

Which of the following allows us to determine the value of average consumption spending?
 a. leading economic indicators
 b. representative household analysis
  c. indexing
 d. ratio analysis



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carlsona147

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Answer to Question 1

a

Answer to Question 2

b




haleyc112

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Jossy

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Reply 3 on: Yesterday
Gracias!

 

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