Two events occur simultaneously in the market for automobiles: (1) an improvement in assembly line technology and (2) the economy enters a recession (which decreases consumers' income). An economist would predict with certainty that
a. equilibrium quantity will rise
b. equilibrium quantity will fall
c. equilibrium price will rise
d. equilibrium price will fall
e. the equilibrium price will remain the same
Question 2
In which of the following situations will the equilibrium price of wheat increase and the change in the equilibrium quantity of wheat be indeterminate?
a. if supply and demand both decline
b. if supply and demand both rise
c. if supply declines and demand rises
d. if supply rises and demand declines
e. if supply remains constant and demand rises
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Bone fractures that occur before death show signs of healing. The process of fracture healing starts
Role of Desirable and Undesirable Events on Susceptibility to Upper Respiratory Infections
A schematic of a Stanadyne diesel fuel injection pump assembly showing all of the related ...
How to find the equation of a line that is perpendicular to a line passing through a point
An overview of whole-genome sequencing (WGS) and assembly