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Author Question: We cannot predict the effect on the equilibrium quantity, but know that the market clearing price ... (Read 192 times)

mcmcdaniel

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on: Jun 29, 2018
We cannot predict the effect on the equilibrium quantity, but know that the market clearing price will increase when
 
  A) supply decreases and at the same time demand increases.
  B) supply increases and demand increases simultaneously.
  C) supply and demand decreases simultaneously.
  D) supply and demand increases simultaneously.

Question 2

Refer to the above figures. Which of the panels would be consistent with the situation in which external benefits exist?
 
  A) Panel 1
  B) Panel 2
  C) Panels 1 and 2
  D) neither panel


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britb2u

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


mcmcdaniel

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Reply 2 on: Jun 29, 2018
:D TYSM

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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