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Author Question: If both supply and demand simultaneously decrease A) the market clearing price definitely rises, ... (Read 108 times)

cartlidgeashley

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on: Jun 29, 2018
If both supply and demand simultaneously decrease
 
  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 falls.

Question 2

The largest share of federal government tax receipts is derived from
 
  A) corporate income taxes.
  B) excise taxes.
  C) social insurance contributions.
  D) individual income taxes.


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ms_sulzle

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

D

Answer to Question 2

D


cartlidgeashley

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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