Author Question: If supply and demand both simultaneously increase A) the market clearing price definitely rises, ... (Read 133 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
If supply and demand both simultaneously increase
 
  A) the market clearing price definitely rises, and the equilibrium quantity definitely falls.
  B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate.
  C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate.
  D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely rises.

Question 2

Local government expenditures depend on which taxes?
 
  A) revenues from licenses and permits
  B) local property, sales, and excise taxes
  C) capital gains taxes
  D) Social Security taxes



ally

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ally

  • Sr. Member
  • ****
  • Posts: 331

 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

For a complete list of videos, visit our video library