« previous next »

Author Question: A surplus of wheat: a. is impossible if people are hungry. b. is impossible if the price of wheat ... (Read 47 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
A surplus of wheat:
 a. is impossible if people are hungry.
  b. is impossible if the price of wheat is below equilibrium.
  c. will result when the quantity demanded exceeds the quantity supplied at the current price.
  d. is unlikely to cause any change in the price of wheat.
  e. indicates that the problem of scarcity of wheat has been solved.

Question 2

The price of a good will fall if:
 a. there is an excess demand of the good.
  b. demand and supply of the good are the same.
  c. there is an excess supply of the good.
  d. the price is below the equilibrium price.
  e. the price is near the equilibrium price.


yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Earthquakes Don’t Kill People—Collapsing Buildings Do Earthquakes Don’t Kill People—Collapsing Buildings Do
How people use space as they interact is studied by sociologists who have a microsociological focus. ... How people use space as they interact is studied by sociologists who have a microsociological focus. ...
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Collage of people showing emotions Collage of people showing emotions
Famous People with Parkinson's Disease Famous People with Parkinson's Disease
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library