Author Question: When the purchase price of an asset is less than its sale price, then there is a A) budget ... (Read 87 times)

s.tung · **on:** Jun 29, 2018

When the purchase price of an asset is less than its sale price, then there is a

A) budget deficit.
B) corporate income tax.
C) capital gain.
D) capital loss.

Question 2

We cannot predict the effect on the market clearing price, but know that the equilibrium quantity will decrease when

A) supply increases and demand decreases
B) supply decreases and demand increases.
C) supply and demand for a product simultaneously decrease.
D) supply and demand for a product simultaneously increase.