« previous next »

Author Question: What happens if price falls below the market clearing price? A) Demand shifts out. B) Supply ... (Read 88 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
What happens if price falls below the market clearing price?
 
  A) Demand shifts out.
  B) Supply shifts in.
  C) Quantity demanded decreases, quantity supplied increases, and price falls.
  D) Quantity demanded increases, quantity supplied decreases, and price rises.

Question 2

This market situation is much like a pure monopoly except that its member firms tend to cheat on agreed upon price and output strategies. What is it?
 
  A) Duopoly
  B) Cartel
  C) Market sharing monopoly
  D) Natural monopoly


Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

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.

Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library