If supply increases and demand decreases A) the market ...

[lb_gilbert]

If supply increases and demand decreases
 
  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

Costs of unemployment include
 
  A) structural unemployment.
  B) the output lost due to the fact that the economy is not running at full employment.
  C) reduction in the labor force.
  D) higher wages.

[ghepp]

Answer to Question 1

C

Answer to Question 2

B

[lb_gilbert]

Correct answers!

[ghepp]

Great! Please up vote