« previous next »

Author Question: If demand increases while supply decreases, then the equilibrium price A) always increases. B) ... (Read 121 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?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
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
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
What's Your BMI? As your BMI increases, you are more likely to be overweight or obese What's Your BMI? As your BMI increases, you are more likely to be overweight or obese
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library