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Author Question: When market failures occur A) the invisible hand will correct for the market failures. B) the ... (Read 126 times)

eruditmonkey@yahoo.com

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on: Jun 29, 2018
When market failures occur
 
  A) the invisible hand will correct for the market failures.
  B) the price system will correct the market failures.
  C) people will reduce their consumption.
  D) the government can step in to correct the market failure.

Question 2

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?
 
  A) Supply increased.
  B) Demand decreased.
  C) Demand increased.
  D) Supply decreased.


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mbcrismon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


eruditmonkey@yahoo.com

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
Excellent

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