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

Author Question: In which of the following situations will market clearing price decrease and the equilibrium ... (Read 49 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
In which of the following situations will market clearing price decrease and the equilibrium quantity increase?
 
  A) an increase in demand with no change in supply
  B) an increase in supply with no change in demand
  C) a decrease in supply with no change in demand
  D) a decrease in demand with no change in supply

Question 2

If all resources were perfectly adaptable for alternative uses, the production possibilities curve would
 
  A) be bowed out.
  B) be bowed in.
  C) be a straight line.
  D) not exist.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryhom

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Coding for Special Situations Cont Coding for Special Situations Cont
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Stock Market Question Stock Market Question
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library