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 149 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
Excellent

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Species richness decreases with distance from the source pool. Species richness decreases with distance from the source pool.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Blood Supply to the Lungs Blood Supply to the Lungs
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
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library