« previous next »

Author Question: If there is a shortage in the market for automobiles, then a. producers' inventories will rise b. ... (Read 61 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
If there is a shortage in the market for automobiles, then
 a. producers' inventories will rise
  b. the price should begin to rise
  c. the demand curve will shift to restore equilibrium in the market
  d. the supply curve will shift to restore equilibrium in the market
  e. the price is expected to fall

Question 2

If there is a shortage in the market for athletic shoes,
 a. the price should rise to eliminate the shortage
  b. inventories of athletic shoes will grow
  c. demand will decrease to restore equilibrium
  d. firms will reduce production to restore equilibrium
  e. supply will increase to restore equilibrium


Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Sea-Level Rise Sea-Level Rise
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library