This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If demand decreases and supply increases A) the market clearing price will decrease, and the ... (Read 71 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jun 29, 2018
If demand decreases and supply increases
 
  A) the market clearing price will decrease, and the equilibrium quantity will increase.
  B) the market clearing price will decrease, and equilibrium quantity will decrease.
  C) the equilibrium quantity will decrease, but the change in the market clearing price cannot be determined without more information.
  D) the equilibrium price will decrease, but the change in the equilibrium quantity cannot be determined without more information.

Question 2

If bagels and croissants are substitute goods, which of the following is likely to occur if the price of bagels has decreased?
 
  A) The demand curve for bagels shifts to the right.
  B) A leftward movement along the bagel demand curve.
  C) The demand curve for croissants shifts to the right.
  D) The demand curve for croissants shifts to the left.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kthug

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jun 29, 2018
Wow, this really help

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Alan Price - Poor People Alan Price - Poor People
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ... Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t The number of phenotypic classes in the F2 generation increases as the number of genes controlling t
Video: Neuron Structure Animation

For a complete list of videos, visit our video library