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Author Question: If, at the current price, there is a shortage of a good, then a. sellers are producing more than ... (Read 27 times)

evelyn o bentley

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If, at the current price, there is a shortage of a good, then
 a. sellers are producing more than buyers wish to buy.
  b. the market must be in equilibrium.
 c. the price is below the equilibrium price.
 d. quantity demanded equals quantity supplied.

Question 2

Unplanned inventory decreases:
 a. tend to result in an decrease in income.
 b. tend to result in an increase in real output.
 c. tend to further reduce production.
 d. signal that demand was weaker than expected.



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s.meritte

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Answer to Question 1

c

Answer to Question 2

b




evelyn o bentley

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


dreamfighter72

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Reply 3 on: Yesterday
Excellent

 

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