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

Author Question: If demand increases and supply decreases A) the market clearing price definitely will increase, ... (Read 187 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


NClaborn

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

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« 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?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Alan Price - Poor People Alan Price - Poor People
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
Blood Supply to the Lungs Blood Supply to the Lungs
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library