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Author Question: If supply increases and demand decreases A) the market clearing price definitely rises, and the ... (Read 65 times)

lb_gilbert

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on: Jun 29, 2018
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.


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ghepp

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

C

Answer to Question 2

B


lb_gilbert

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Reply #2 on: Jun 29, 2018
Correct answers!


ghepp

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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