This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which one of the following correctly describes how price adjustments eliminate a surplus? (Read 37 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: May 25, 2020
Which one of the following correctly describes how price adjustments eliminate a surplus?
◦ As the price falls, the quantity demanded will decrease while the quantity supplied will increase.
◦ As the price rises, the quantity demanded will increase while the quantity supplied will decrease.
◦ As the price rises, the quantity demanded will decrease while the quantity supplied will increase.
◦ As the price falls, the quantity demanded will increase while the quantity supplied will decrease.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cool on May 25, 2020

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


cool

  • Member
  • Posts: 570
Reply 2 on: May 25, 2020
Wow, this really help

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

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

This training vehicle fell from the hoist because the pads were not set correctly. No one was hurt, ... This training vehicle fell from the hoist because the pads were not set correctly. No one was hurt, ...
After being sure all pads are correctly positioned, use the electromechanical controls to raise the ... After being sure all pads are correctly positioned, use the electromechanical controls to raise the ...
A straightedge and a feeler gauge are being used to check that the oil pan has been correctly ... A straightedge and a feeler gauge are being used to check that the oil pan has been correctly ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library