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

Author Question: Demand is a schedule that shows A) a set of possible prices for a good and the quantities of the ... (Read 137 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
Demand is a schedule that shows
 
  A) a set of possible prices for a good and the quantities of the good that will be purchased at each of those prices.
  B) how much income it takes to afford various quantities of a good.
  C) the relationship between the cost of producing a good and the price that sellers will charge.
  D) how population changes will affect the amount of a good that is needed.

Question 2

Following adjustments to a new equilibrium in a market, the equilibrium quantity remains unchanged, but the market clearing price is now lower. Which of the following could definitely have caused this outcome?
 
  A) Demand and supply both increased.
  B) Demand and supply both decreased.
  C) Demand increased, and supply decreased.
  D) Demand decreased, and supply increased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aprice35067

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Deast7027

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Thank you


aprice35067

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
Recommended childhood and adolescent immunization schedule, 2009. Recommended childhood and adolescent immunization schedule, 2009.
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library