« previous next »

Author Question: If demand increases while supply decreases, then the equilibrium price A) always increases. B) ... (Read 123 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If demand increases while supply decreases, then the equilibrium price
 
  A) always increases.
  B) always decreases.
  C) may increase, decrease, or stay the same.
  D) never changes.

Question 2

Which of the following is a benefit of the price system?
 
  A) the existence of positive externalities
  B) the production of public goods
  C) Consumers have what they want since politicians and business managers decide what is to be produced.
  D) the freedom of consumers to decide what they want to purchase


TINA

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Hydrostatic Equilibrium Hydrostatic Equilibrium
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Blood Supply to the Lungs Blood Supply to the Lungs
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Blood Test Basics

For a complete list of videos, visit our video library