This topic contains a solution. Click here to go to the answer

Author Question: If demand increases and supply decreases A) the market clearing price definitely will increase, ... (Read 107 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
If demand increases and supply decreases
 
  A) the market clearing price definitely will increase, and the equilibrium quantity definitely will increase.
  B) the market clearing price definitely will increase, and the equilibrium quantity definitely will decrease.
  C) the market clearing price definitely will increase, but the change in the equilibrium quantity cannot be determined without more information.
  D) the equilibrium quantity definitely will decrease, but the change in the market clearing price cannot be determined without more information.

Question 2

Which of the following people would be considered unemployed by the Bureau of Labor Statistics?
 
  I. Mrs. X retires from her job and does not look for another job.
  II. Mr. Y was laid off from his job as a welder, but expects to be rehired in 8 months.
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Awesome

  • Sr. Member
  • ****
  • Posts: 280
Answer to Question 1

C

Answer to Question 2

B




NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
:D TYSM


olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library